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Simon Worldwide Inc

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BUSINESS
November 21, 2001 | Bloomberg News
Simon Worldwide Inc., a marketing company that lost its major clients after an employee was accused of rigging a McDonald's Corp. promotion, said it will eliminate 215 jobs and might go out of business. Simon's third-quarter loss widened to $67.2 million, or $4.05 a share, after the payment of preferred dividends, from $1.4 million, or 10 cents, a year ago, the company said. Simon said the elimination of the 215 jobs in the current quarter is in addition to 177 jobs cut in the third quarter.
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BUSINESS
November 21, 2001 | Bloomberg News
Simon Worldwide Inc., a marketing company that lost its major clients after an employee was accused of rigging a McDonald's Corp. promotion, said it will eliminate 215 jobs and might go out of business. Simon's third-quarter loss widened to $67.2 million, or $4.05 a share, after the payment of preferred dividends, from $1.4 million, or 10 cents, a year ago, the company said. Simon said the elimination of the 215 jobs in the current quarter is in addition to 177 jobs cut in the third quarter.
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BUSINESS
August 24, 2001 | From Reuters
Contest promotions and services firm Simon Worldwide Inc. said Thursday that Philip Morris Cos., which has accounted for 9% of the company's revenue, ended their relationship, dealing the company the second crippling blow this week. The news comes two days after McDonald's Corp. ended its relationship with the company's Los Angeles-based Simon Marketing Inc. unit, after the Justice Department charged a Simon employee with defrauding the fast-food giant in a series of prize games over the years.
BUSINESS
August 24, 2001 | From Reuters
Contest promotions and services firm Simon Worldwide Inc. said Thursday that Philip Morris Cos., which has accounted for 9% of the company's revenue, ended their relationship, dealing the company the second crippling blow this week. The news comes two days after McDonald's Corp. ended its relationship with the company's Los Angeles-based Simon Marketing Inc. unit, after the Justice Department charged a Simon employee with defrauding the fast-food giant in a series of prize games over the years.
BUSINESS
January 16, 2002 | From Associated Press
McDonald's Corp. has been in talks to settle a lawsuit filed against the marketing firm whose employees allegedly hatched a scam involving the fast food giant's promotional games, an attorney said Tuesday. Ralph Shapiro, an attorney representing Simon Worldwide Inc., said talks with representatives of McDonald's had been going on for several weeks. He said the talks are continuing in some aspects of the case, while they have ended in other areas.
BUSINESS
August 25, 2001
* Simon Worldwide Inc., whose Los Angeles-based unit handled contests for McDonald's Corp. until an alleged scam was uncovered this week, said that Ron Burkle and Erika Paulson of the Yucaipa Cos. have resigned from its board. Two of the three Yucaipa representatives resigned because they also are directors of Golden State Foods, a major McDonald's supplier, which legal counsel said would pose a potential conflict of interest, Simon said. * * Komag Inc.
BUSINESS
November 16, 2001 | Bloomberg News
Simon Worldwide Inc. sued Philip Morris Cos. in Los Angeles County Superior Court, accusing the tobacco company of illegally breaking a $7.5-million contract with the promoter after it became enmeshed in a scandal over a McDonald's Corp. give-away game. Philip Morris fired Simon after the Federal Bureau of Investigation in August said an employee of Los Angeles-based Simon subsidiary Simon Marketing Inc. stole winning McDonald's game pieces worth more than $20 million in prizes.
BUSINESS
April 4, 2002 | From Bloomberg News
Simon Worldwide Inc. sued Ernst & Young, PricewaterhouseCoopers and KPMG International, claiming the accountants should have stopped a rogue employee who rigged a McDonald's Corp. promotional game. Simon said the accounting firms failed to oversee the distribution of game pieces, including cash awards of $1 million, to the fast-food outlets, according to the suit filed in Los Angeles Superior Court. The company's Simon Marketing unit, which ran the McDonald's game, is based in Los Angeles.
BUSINESS
August 23, 2001 | ABIGAIL GOLDMAN, TIMES STAFF WRITER
The promotions industry that runs contests for big consumer companies was once again under scrutiny Wednesday, the day after an employee of Simon Worldwide Inc. was arrested on suspicion of rigging the games the company created for McDonald's Corp. "There's already a perception that nobody really wins those things, and this type of event fuels that belief," said Marc Wortsman, executive vice president of promotions firm Marden-Kane Inc. in New York, which has run campaigns for Coca-Cola Co.
NEWS
August 22, 2001 | ERIC LICHTBLAU, TIMES STAFF WRITER
With countless McDonald's French fries and sodas came the chance for riches: Grab a quick bite, play our latest promotional game and walk away a McMillionaire. There was just one problem. The games were rigged. Acting on an informant's tip, the FBI arrested eight people Tuesday in an elaborate scheme to allegedly plant big-money game cards in the hands of fake "winners," who claimed the prizes and then split the proceeds with their recruiters.
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