It looks like crisis PR guru Mike Sitrick is going to need his own services. The high-priced flack, whose Sitrick & Company also reps showbiz types, is the target of a lawsuit that was certified today in U.S. District Court in Los Angeles. It alleges, among other things, that he manipulated the value of his firm’s Employee Stock Option Plan (ESOP) to deprive current and former employees of millions of dollars. I must say that, for years, I’ve heard complaints about his ESOP from former and current employees. The ESOP was formed in 1999 and was terminated at the end of 2008 while Sitrick was in negotiations to sell the firm to Resources Connection Inc. Richard Wool, the former head of Sitrick’s New York office 2001-2004, is the name plaintiff, but the suit has been filed on behalf of all the plan’s members, including some current employees. Besides Sitrick, the other defendants are his wife Nancy, their trust, and Relieance.
Crisis Flack Mike Sitrick Sued By Employees
What's Hot on Deadline
'Hitman's Bodyguard' Shooting Toward $19M-$20M; 'Logan Lucky' Not So Fortunate With $7M-$8M - Midday Update
Arnold Schwarzenegger To Trump: "Send An Unequivocal Message That You Won't Stand For Hate And Racism"
Barcelona Terrorist Investigation Grows As Police Thwart Second Attack; 14 Dead, 100+ Hurt In Broad Plot - Update
Latest TV News
- Steve Bannon On Exit: “I've Got My Hands Back On My Weapons”
- FX Acquires ‘Spider-Man: Homecoming’, ‘Logan’, ‘Girls Trip’, ‘Despicable Me 3’, ‘War For The Planet of the Apes’ & More…
- ‘Westworld’s Thandie Newton On HBO’s Series Strengths, Season 2 & Freedom — Emmys
- Kim Kardashian To Co-Host ‘Live With Kelly And Ryan’ This Month
- Steve Bannon Exits As Donald Trump’s Chief Strategist, Returns To Breitbart As “Populist Hero”
- ‘The Handmaid’s Tale’ VFX Supervisor Brendan Taylor On Dismantling Church With Potent, Invisible Effects