On September 30, 2009
Judge to WPP: Sorrell’s Lawyers Can’t Read, Were Asleep at the Wheel
The ruling that dismisses WPP’s stock fraud case against Spot Runner will likely infuriate CEO Martin Sorrell, as it describes a series of mistakes on the part of WPP’s lawyers that led Sorrell to believe he was being defrauded when in fact he was not. By giving off-target answers to WPP’s emailed questions and by seeking waivers from other investors who actually controlled WPP’s investment in the company, Spot Runner seems to have done an end run around WPP.
0 Comments