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NEW YORK In an unusual twist, WPP Group has requested that a London High Court overturn last week’s ruling, in favor of the U.K. holding company, in its first round of litigation against Marco Benatti. In January, WPP dismissed the former Italian country manager because of alleged financial irregularities.
Lawyers for Benatti, meanwhile, quickly responded by saying they will ask Consob, the Italian stock market regulator, to investigate WPP for market manipulation. Benatti is in the middle of a takeover bid for Italian marketing firm Fullsix, in which WPP is also a shareholder.
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