February 14, 1995 |
Advertising executive Maurice Saatchi is free to compete with his old company, Saatchi & Saatchi Group, for the time being, but three of his colleagues cannot immediately help his new venture. A judge on Monday refused Saatchi & Saatchi's request to issue injunctions that would have hindered Maurice Saatchi's ability to form a new ad agency.
February 16, 1995 |
2 Clients Move Business to Maurice Saatchi: Becoming the first actual client defections since British advertising executive Maurice Saatchi's stormy departure from Saatchi & Saatchi Co. in London, publisher Mirror Group and tobacco maker Gallaher Ltd. said they will move their business to Maurice's new agency. British Airways also said it will let Maurice bid against Saatchi & Saatchi for its account. Saatchi & Saatchi Advertising Worldwide said the losses represent about $23.
February 9, 1995 |
The High Court began hearing the first of Saatchi & Saatchi's legal actions against ousted Chairman Maurice Saatchi on Wednesday, and within hours the company had threatened to press new lawsuits to protect its name. But Maurice Saatchi appeared to have outmaneuvered his old firm again. His lawyer told the court he had already set up a new advertising agency, with staff, and named it Dress Rehearsal.
February 15, 1995 |
New Legal Action in Saatchi Drama: The fighting between advertising executive Maurice Saatchi and his old firm intensified as Saatchi & Saatchi Co. took new legal action against Saatchi and his brother, Charles. Saatchi & Saatchi began British legal proceedings that attempt to recover profits, reported at around $40 million, the brothers made from an investment in the German sportswear company Adidas in February, 1993.
January 18, 1995 |
Maurice Saatchi Sues for Breach of Contract: Maurice Saatchi sued Saatchi & Saatchi Co., claiming it broke his contract when it fired him as chairman last month. Maurice's action, the latest chapter in an acrimonious battle between the Saatchi brothers and the group they built, came in response to suits it served on him last week.
January 17, 1995 |
Shares in the embattled advertising group Saatchi & Saatchi Co. rose 9% Monday, as an investment bank took a big stake and the company's board held a meeting that reportedly could lead to a new name. Saatchi & Saatchi was rocked last week by the departure of co-founder Maurice Saatchi, who cut all ties to the group after U.S. shareholders forced him out as chairman.