Current TV Files Countersuit Against Keith Olbermann

On the same day that Keith Olbermann filed a lawsuit against Current TV, the cable network fired back with a countersuit of their own.

Olbermann filed suit Thursday citing breach of contract, sabotage and disparagement after he was fired one year into his five-year, $50 million contract with Current. Current TV then filed a countersuit, claiming that the Countdown host rarely showed up to work, missing 19 out of 41 days in January and February in what the network calls an attempt to sabotage the network, TMZ.com reports.

Keith Olbermann sues Current TV for breach of contract, sabotage

"Current terminated Keith Olbermann last Thursday for serial, material breaches of his contract, including the failure to show up at work, sabotaging the network and attacking Current and its executives," the network said in a statement, obtained by mediabistro.com.

"As the old adage says: 'When the law is on your side, you argue the law. When the facts are on your side, you argue the facts. When neither the law nor the facts are on your side, you pound the table.' We will be happy to engage on the law and the facts in the appropriate forum. It is well established that over his professional career Mr. Olbermann has specialized in pounding the table. However, Mr. Olbermann, by filing his false and malicious lawsuit, has now put this matter into a legal process where there will be an objective review of the facts. We hope Mr. Olbermann understands that when it comes to the legal process, he is actually required to show up."

Keith Olbermann on Current TV axing: I screwed up really big

"I screwed up really big on this. Let's just start there," Olbermann recently said on the Late Show with David Letterman, after being asked whether Current TV executives knew what they were doing. "I thought we could do this. It's my fault that it didn't succeed in the sense that I didn't think the whole thing through."