Los Angeles Business Journal Looking Into Sitrick Lawsuit

PR maven and agency owner Michael Sitrick is being sued by a former employee and current employees for “self dealing,” and devaluing the Sitrick Employee Stock Ownership Plan, PRNewser reported last week.

UPDATE: Joseph Giunta, general counsel for Sitrick And Company / Mike Sitrick writes in and says Sitrick, “was not sued by a former employee and current employees…He was sued by one former employee. Not a single current or former employee has joined in the suit and though he claims to have sued on behalf of the ESOP, the court has not granted him that right.”

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