Former Wells BDDP Chairman-CEO Frank Assumma filed suit against Wells BDDP parent company GGT Group in London last week, seeking $2.6 million for breach of contract, $10 million for loss of future earnings and $2 million in additional damages for alleged defamation. Mr. Assumma was replaced by Steve Davis Jan. 28, the same day Omnicom Group reached an agreement to buy GGT for $234 million. Wells officials had no comment. Mr. Assumma could not be reached. GGT Chairman-CEO Michael Greenlees was traveling and not available.
Copyright February 1998, Crain Communications Inc.