Litigation
Dec. 5, 2011
PR guru agrees to settle retirement fund suit
A prominent public relations guru and several co-defendants have agreed to a $6.25 million cash payment to settle a federal lawsuit in which two former employees' alleged they were swindled out of the bulk of their retirement fund.
Daily Journal Staff Writer
LOS ANGELES - A prominent public relations guru and several co-defendants have agreed to a $6.25 million cash payment to settle a federal lawsuit in which two former employees' alleged they were swindled out of the bulk of their retirement fund.
Michael Sitrick continues to deny the allegations and said the settlement will be funded by insurance carriers.
The settlement requires approva...
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