NEW YORK Kirshenbaum Bond + Partners yesterday reached a settlement with former managing director Nigel Carr, who was suing the shop following his ouster in 2004, the agency confirmed.
Carr was fired from his post as managing director of KB+P West in January 2004. The network sold a 60 percent stake to MDC Partners in February. A trial was set to begin this week.
Carr said in a statement prepared Tuesday by KB+P's legal team that he greatly enjoyed his 13 years working with Jon Bond and Richard Kirshenbaum. Financial terms of the settlement were not disclosed.
Reached Tuesday in San Francisco, Carr added that a suit of this type is highly unusual in his experience in the advertising industry and he is pleased it has been resolved without having to go to trial.
"It was settled quite amicably," Carr said. "As far as I am concerned, it was a very amicable settlement, and we are all going forward. I am looking for the next big thing for me. I am looking for opportunities in both New York and San Francisco. I love both cities."