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Grey Sues Former North American CEO Steve Blamer

Grey Global Group, the agency network owned since March by WPP Group, run by the famously litigious Martin Sorrell, today sued Grey's former CEO of North America, Steve Blamer, rival holding company Interpublic Group of Cos. and one of its advertising networks, FCB Worldwide. The suit, filed in the New York state Supreme Court, charges Mr. Blamer with breaching stock option agreements, his employment agreement with Grey and fiduciary duties owed to the agency. Interpublic and FCB are charged with wrongfully interfering with those agreements and with aiding and abetting Mr. Blamer's alleged "wrongful conduct."

Read the whole story at AdAge.com, September 22, 2005 »

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