WPP claims Sorrell's move for MediaMonks as unlawful
According to a leading International publication, WPP has accused Sir Martin Sorrell of violating privacy obligations. Sorrell is entangled in a legal chain with WPP over his pursuit of the digital production business MediaMonks that could become the his first acquisition after leaving WPP.
WPP’s lawyers have written to Sorrell saying that his move to buy MediaMonks is unlawful. According to them the reason for such a statement is that he is using information gathered when he and WPP were looking at acquiring the business before he resigned. WPP claims it to be in breach of confidentiality obligations.
In the month of April, Sir Sorrell resigned from WPP after allegations of personal misconduct – including paying for a sex worker with company money, an allegation he strenuously denies. After quitting, he almost immediately launched his own vehicle, S4 Capital, and is in advanced talks with MediaMonks.
Therefore, WPP has alleged that Sorrell was heavily engaged in its process of looking at MediaMonks, which began last year, including meeting with the management team in the Netherlands. Meanwhile, his lawyers are disputing the claims and asking for WPP to provide evidence for its allegations.