WRG MAY SETTLE WITH SKLAVER

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David Sklaver, who resigned as president of Wells Rich Greene BDDP, New York, last April amid a financial scandal, is pressuring the agency to settle with him.

But WRG BDDP is highly unlikely to give Mr. Sklaver what he most wants-a public statement clearing him of any wrongdoing.

Neither Mr. Sklaver nor the agency will comment, but he is said to be seeking money as well and the two sides may be able to reach an agreement on that front.

Mr. Sklaver resigned and Tom Fagan, former chief financial officer, was fired in April in a scandal involving the misappropriation of $500,000 in funds. The funds had ended up at a production company, SeaGull Entertainment, and were repaid to the agency by Messrs. Sklaver and Fagan. At the time Mr. Fagan called the misappropriation charge "outrageous" and his firing a breach of contract.

Mr. Fagan could not be reached last week and his lawyer declined to comment, as did Mr. Sklaver's attorney.

Messrs. Sklaver and Fagan were recently replaced at WRG BDDP by Paula Forman, now president-WRG BDDP New York, and Adelaide Horton, now president-chief operating officer, Wells Rich Greene BDDP Communications.

Separately, WRG BDDP reached a settlement last week with ousted Chairman-CEO Kenneth Olshan. Mr. Olshan, who was fired in September with more than two years remaining on his contract, said he's "very pleased" with the settlement. Neither he nor WRG BDDP would disclose terms.

The deal with Mr. Olshan is not connected to talks with Mr. Sklaver; WRG BDDP executives have stressed that Mr. Olshan was not involved in the earlier scandal.

Mr. Olshan said the settlement frees him to concentrate on several business pursuits, including strategic consulting.

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