Comspan Communications of Santa Monica, California, has filed a multimillion-dollar lawsuit in Superior Court in California against Malofilm Communications and its chairman, Rene Malo.

The $100 million damage suit alleges Malofilm illegally terminated an October 1993 consulting contract for work on The Parent Channel, a specialty channel proposal which did not launch.

Malofilm vp finance Stephen Takascy calls the suit ‘a fishing trip,’ adding Malofilm had asked for a full $200,000 reimbursement in a July ’94 termination letter.

Comspan ceo Larry Namer says the company has a 5% claim in tpc, but Takascy says this amounts to nothing.

Financial commentators in Canada have said the key question is whether or not the contract was properly terminated. They also say many of the new u.s. specialty channels planning ’95 launches, Comspan’s core clientele, have indefinitely postponed market entry because of the lack of available channels and high startup costs. Analysts speculate on Comspan’s motives in asking for $100 million for a purported contract violation.