Court Dismisses Dan Rather's Suit vs. CBS

Dan Rather's $70 million lawsuit against CBS is all but over after an appellate court in New York dismissed his case today. Rather's lawyer vowed to appeal the ruling in the breach of contract suit. Rather initiated the suit following his ouster as Evening News anchor in the wake of a discredited 60 Minutes II report about George W. Bush's military service.

His "claim attempts to gloss over the fact that Rather continued to be compensated at his normal CBS salary of approximately $6 million a year until June 2006 when the compensation was accelerated upon termination, consistent with his contract," the ruling reads in part.