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BOSTON WPP Group and the company’s former Italian operations chief Marco Benatti have agreed to a confidential settlement that effectively ends their long-running, complex and heated legal dispute.
The two sides issued this joint statement yesterday: “WPP and Marco Benatti have agreed to a full and final settlement of the disputes between them, which are the subject of the proceedings currently before the English High Court and related proceedings in Italy.”
The deal followed a week of hearings in London’s High Court, though neither Benatti nor WPP CEO Martin Sorrell took the stand.
WPP dismissed Bennati in January 2006, after questions were raised about the latter’s earnout as part of WPP’s acquisition of Italian shop Media Club.
WPP
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