Legal Woes Dog Omnicom, IPG

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Omnicom and the Interpublic Group, eager to move beyond a summer of bad news, are still finding themselves dogged by angry shareholders who are airing their grievances in New York State Supreme Court.

At Omnicom, last Friday marked the deadline for its response to a lawsuit brought by a shareholder named Gary Otterbach that alleges insider trading on the part of company chairman Bruce Crawford and the top executives at two Omnicom operating subsidiaries: Keith Reinhard, CEO of DDB, and Allen Rosenshine, CEO of BBDO.

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