Securities Fraud

Spot Runner Sued For $13 million In Securities Fraud

Authored by Jay Baage on April 17, 2009 - 1:04pm.

New York - WPP has filed a $13 million lawsuit against Spot Runner, the Los Angeles self-service ad creator in which it has a stake, as well as the agency's chairman-CEO, Nick Grouf, and its board for securities fraud and breach of contract, reports Ad Age.