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Medialink

All articles tagged with #medialink

business1 year ago

"Legal Battle Erupts as UTA and Michael Kassan Trade Lawsuits Over Company Expenses and Breach of Contract"

A legal battle has erupted between Michael Kassan and United Talent Agency (UTA) following Kassan's departure, with Kassan claiming he was misled about his role and privileges at the firm, while UTA alleges he misused company funds. Kassan initiated arbitration against UTA, alleging fraudulent inducement, while UTA filed a lawsuit accusing Kassan of using company funds for personal expenses. Both parties have exchanged allegations, with Kassan denying theft and UTA claiming misuse of funds. The dispute also involves claims about Kassan's departure and alleged breaches of contract.

via Hollywood Reporter|
#business#company-expenses#legal-dispute
business1 year ago

"Ad Industry Turmoil: Michael Kassan and UTA's Legal Battle Unravels"

Michael Kassan, the founder of MediaLink, has alleged in an arbitration filing that UTA undermined his business after acquiring it for $125 million, leading to his resignation. UTA, in turn, claims to have fired Kassan due to misappropriation of company funds and is preparing to take legal action against him. The dispute has put the future of MediaLink, a consultancy serving the technology, media, entertainment, and advertising sectors, in question. Kassan, known for his extensive industry connections, has a history of legal and professional challenges but has remained a prominent figure in the advertising business.

via Variety|
#advertising-industry#arbitration-filing#business
business1 year ago

"MediaLink CEO Michael Kassan and UTA Engage in Legal Battle Over Fraud and Breach of Contract"

MediaLink founder and UTA partner Michael Kassan has accused UTA of breach of contract and fraud following its 2021 acquisition of MediaLink, claiming that UTA executives engaged in bad faith in managing the company. Kassan alleges that UTA failed to deliver on key promises of the acquisition, including centralizing UTA's marketing department under MediaLink and pressuring Kassan to raise fees for outside customers while offering discounts to UTA clients. UTA, in response, stated that Kassan was terminated for cause following an investigation into misappropriation of company funds. Kassan is seeking damages worth at least $25 million and compensation for attorneys' fees.

via Variety|
#breach-of-contract#business#fraud