Ed Limato statement to me: “I’m a free man. I’m already out of there. It’s just wonderful. I’m so happy. It means that I can entertain what I want to do with the rest of my life with another agency. ICM can commission any deals already made, but no future deals. The amount of support that I have gotten from everybody — the emails, the phone calls — I can’t begin to tell you how gratified I’ve been by the outpouring of support and a lot of love. People felt I wasn’t being treated right after all the service I’ve given to ICM. On the other hand, I’ve loved this company and spent many happy, happy years there. I’m going to miss a lot of people. But now I can finally look forward to a new life doing what I do best, which is being an agent for my talent. Richard Gere, Steve Martin, Mel Gibson, Denzel Washington, Adrien Lyne have all agreed to come with me so far.”
Richard B. Levy, General Counsel, ICM statement: “The arbitrator’s decision to allow Ed to end his contractual obligations was based solely on a technical interpretation of Section 2855 of the California Labor Code, commonly referred to as the seven year rule. Ed is now able to accept new employment opportunities. We wish Ed continued success in the next phase of his career.”
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