Omnicom-backed Razorfish hit with lawsuits

Article Abstract:

Razorfish (RAZF) is facing several class-action lawsuits filed in Dec 2000, alleging that insiders sold a total of 1,215,716 shares of RAZF stock for proceeds of $12,763,815 before revealing the 'truth' about the dot-com. The lawsuits accused RAZF co-founders Craig Kanarick and Jeffrey Dachis of issuing enthusiastic press releases through Business Wire and PR Newswire that falsely described the firm and its future prospects. Currently, RAZF is worth around $1.15 a share, from a high of $56.

Legal issues & crime

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WaggEd grabs Maloney & Fox to bolster consumer unit

Article Abstract:

After a two-month check of seventeen firms, Waggener Edstrom finally clinched the deal with Maloney & Fox, a New York based consumer PR firm. The two firms had earlier worked together for various Microsoft projects, and at present are working for its Internet service MSN.

Acquisitions & mergers, Public relations services, Mergers, acquisitions and divestments, Company acquisition/merger, Public relations firms, Public relations agencies, Maloney & Fox, Waggener Edstrom

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