In a statement, Publicis said it intends to seek an emergency appeal and a stay of the restraining order pending the appeal. Spokesmen for the company would not comment further.
"We are gratified that the court upheld our point of view regarding Publicis' actions," said True North Chairman-CEO Bruce Mason. ``We viewed our settlement agreements with Publicis last May as a final divorce. Apparently, Publicis was less convinced the divorce was final.''
In a letter to shareholders Dec. 10, Mr. Mason said the board had decided - with Publicis' designated board member recusing himself - to officially turn down the Publicis offer as inadequate and no substitute for the BJK&E deal.
Copyright December 1997, Crain Communications Inc.