Interpublic sues Frank Lowe for stealing from Lowe

January 14, 2006 at 7:00 am 1 comment

Interpublic is suing Frank Lowe, the founder of Interpublic’s Lowe Worldwide agency, for grabbing one of his old agency’s clients for his new London-based start-up. In a statement, Interpublic took Lowe to the mat, stating:

Frank Lowe sold his agency to Interpublic in 1990 for tens of millions of dollars and subsequently received many times that amount in financial support and resources to build a global network, recruit and compensate key talent. Our claim states that, in breach of his continuing fiduciary responsibilities, he has chosen to use contacts and proprietary knowledge to damage Lowe and Interpublic.

Grrr…

See:

AdAge.com, Interpublic takes legal action against Frank Lowe (Jan. 13, 2005).

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Entry filed under: All Posts, Lawsuits.

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