The legal battle between Sir Frank Lowe and Interpublic Group (IPG), his former employer, has finished with an out of court settlement.
IPG filed a claim against Lowe after his breakaway launch of Red Brick Road in January last year, following which he won the Tesco advertising business from Lowe London, valued at £45 million .
IPG’s claim, filed with the American Arbitration Association, accused Lowe of using proprietary information to destabilise his former employer.
Lowe denied this and began a civil law suit in New York’s state Supreme Court which accused IPG of defaming him.
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