Interpublic Group of Cos., a holding company that ranks as the world's second-largest owner of advertising agencies, must defend a class action accusing it of defrauding investors, a federal judge in New York ruled Friday. The suit alleges that Interpublic issued misleading financial statements tied largely to questionable accounting practices at its flagship McCann-Erickson agency, the world's largest advertising network.
Class Action Against Interpublic Group to Proceed
New York Law Journal
June 2, 2003