NEW YORK--(BUSINESS WIRE)--Jan. 19, 2007--The Interpublic Group of Companies, Inc. (NYSE: IPG) announced today that it has withdrawn its Statement of Claim against Sir Frank Lowe before the American Arbitration Association. In exchange for this withdrawal, Sir Frank has agreed to withdraw his lawsuit for defamation against Interpublic in New York State Supreme Court. The terms of settlement are confidential.
Interpublic is one of the world's leading organizations of advertising agencies and marketing services companies. Major global brands include DraftFCB Group, FutureBrand, GolinHarris International, Initiative, Jack Morton Worldwide, Lowe Worldwide, MAGNA Global, McCann Erickson, Momentum, MRM Worldwide, Octagon, Universal McCann and Weber Shandwick. Leading domestic brands include Campbell-Ewald, Carmichael Lynch, Deutsch, Hill Holliday, Mullen and The Martin Agency.
CONTACT: The Interpublic Group of Companies, Inc.
Philippe Krakowsky, 212-704-1328
Jerry Leshne, 212-704-1439
SOURCE: The Interpublic Group of Companies, Inc.