|Photo: Lord Litchfield|
|Frank Lowe, who has been sued by Interpublic, is considering filing a countersuit.
INTERPUBLIC TAKES LEGAL ACTION AGAINST FRANK LOWE
Ad Exec's Startup Agency Poaches Major IPG Client
FRANK LOWE EXPECTED TO NAME NEW AGENCY PARTNERS
Announcement Could Include Identity of Shop's Second Account
PAUL HAMMERSLEY TO JOIN FRANK LOWEE
Resigns DDB London CEO Job to Become Third Partner in New Agency
FRANK LOWE, PAUL WEINBERGER LAUNCH AD AGENCY
Shop Likely To Start With $75 Million Tesco Account
Mr. Lowe, who retired from Interpublic in 2003, announced the startup late last year, along with news that it snatched U.K. supermarket giant Tesco, a Lowe London client, and the agency’s chairman, Paul Weinberger.
Demanding an IPG apology
Late last week, Interpublic initiated its own legal action in the American Arbitration Association in New York. It was sparked by what Interpublic believed to be Mr. Lowe’s continued efforts to reach Lowe London staffers and clients, according to an executive familiar with the situation.
"My legal team is seeking an immediate withdrawal of the claim submitted by Interpublic to the American Arbitration Association on Jan. 13th and an unreserved apology for the allegations contained within it and their press release of the same date,” a statement from Mr. Lowe read. “The allegations are without foundation and are utterly refuted. If IPG does not withdraw its baseless claims we may seek damages for defamation and tortuous interference."
Hackworthy to join startup
Messrs. Lowe and Weinberger will be joined by DDB London CEO Paul Hammersley and Chief Strategic Officer David Hackworthy, who resigned his post last night, according to a DDB spokeswoman. Mr. Weinberger, formerly chairman of Lowe London, could be held to his one-year employment contract with the company.