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The World: New York - Spot Runner faces dollars 13m WPP legal complaint.(Brief article)

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| May 01, 2009 | COPYRIGHT 2009 Haymarket Business Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

WPP has filed a dollars 13 million legal complaint against Spot Runner, the web-based TV creative ad agency, for alleged securities fraud and breach of contract.

WPP is accusing Spot Runner of failing to disclose a stock sale to other shareholders, and is said to be angry that the company was boasting about WPP's stake in a bid to attract buyers.

The complaint, which was filed in early April, accused Spot Runner of perpetuating a 'pump and dump' ...

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