Faaez Samadi
Aug 3, 2018

WPP Singapore settles Yolk lawsuit

Agreement ends case of alleged minority oppression by WPP Singapore and Grey Group.

In a remarkably abrupt end to proceedings, WPP Singapore today announced it has settled a lawsuit brought against it and Grey by former minority shareholders in Yolk, just three days after the case began before Singapore’s Supreme Court.

In an emailed statement less than 24 hours after Campaign Asia-Pacific reported the dispute, a WPP spokesperson said the holding agency and Yolk shareholders including former CEO Benjamin Tan, have agreed to settle the case....

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