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NEW YORK Interpublic Group has filed a complaint with the American Arbitration Association that accuses former Lowe chairman Frank Lowe of using proprietary information to damage his former agency and its parent company, IPG said today.
The complaint, which seeks monetary damages and an injunction, was filed this week in New York.
Because such claims are arbitrated privately, a copy of the complaint was not available. In a statement, however, IPG said: “Frank Lowe sold his agency to Interpublic in 1990 for tens of millions of dollars and subsequently received many times that amount in financial support and resources to build a global network, recruit and compensate key talent.
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