Settlement Nears For IPG Lawsuits

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As part of a proposal to settle shareholder lawsuits stemming from Interpublic Group’s $181.3 million accounting imbalance in 2002, IPG would retain an ombudsman for five years to review any future allegations of financial irregularities, according to a legal notice received last week by shareholders.

The ombudsman, a company called Pinkerton Compliance Services, will record and investigate each complaint.

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