Saatchi speaks on Cordiant probe

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While London-based Cordiant agency holding company confirmed Monday a U.K. government investigation into possible insider trading in the company's stock, Maurice Saatchi attacked his former company. He said in a statement that Cordiant was trying to turn the investigation ``into an attack on myself.'' Mr. Saatchi and his brother Charles sold their remaining shares of stock in the former Saatchi & Saatchi Co. on Jan. 3, the day Mr. Saatchi left the company. The investigation is believed to focus on all trading in the company stock during a tumultuous eight-week period that started in mid-December when Mr. Saatchi was ousted as chairman.

Mr. Saatchi said that a ``peace agreement'' he signed with Cordiant in May, in which both sides agreed to drop multiple law suits, may have been broken by Cordiant. He said he was therefore considering whether he is still bound by his M&C Saatchi agency's agreement not to approach any more clients or staff of Cordiant's advertising networks before the end of the year.

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