New YORK–Claiming that arbitrators failed to consider all the evidence it presented

New YORK–Claiming that arbitrators failed to consider all the evidence it presented, Interpublic Group of Cos. is seeking to overturn an arbitration panel decision that deemed “unpersuasive” IPG’s claims that former Lowe & Partners/SMS chairman Marvin Sloves “tortiously interfered” with Lowe’s relationship with Mercedes-Benz, thereby causing a split.
“The basic appeal is that they didn’t rule on [all] the arguments that we gave,” IPG general counsel Nick Camera said. “The whole ruling was [based on] one small part” of the case.
The decision does refer to “other contentions raised by IPG relating to alleged acts of disloyalty by Mr. Sloves,” noting, “None of these matters was better supported than IPG’s main claims” and concluding that “specific findings with respect thereto are unnecessary.”
Overall, the panel found that IPG’s case was “flatly and credibly contradicted by the testimony” of Sloves and former Mercedes CEO Mike Jackson [Adweek, Feb. 14]. It awarded Sloves $1.3 million in salary and benefits.
Subsequently, Sloves’ attorney Moses Silverman filed a petition in state Supreme Court to compel IPG to pay. IPG responded with a motion to “vacate” the decision. Last week, Judge Franklin Weissberg requested additional papers from both sides by March 28, after which he will rule. –Andrew McMain