Three executives who sold their company to S4 Capital are suing the agency group helmed by advertising mogul Martin Sorrell, alleging it has withheld millions of dollars and shares owed to them.
The former CitrusByte execs allege in the lawsuit that S4 engaged “in a campaign of obfuscation and delay” and raised “unfounded claims and arguments” to avoid payment, allegedly withholding at least $7 million in escrow funds and delaying or withholding millions of S4 shares tied to the deal.
S4 declined to comment on ongoing litigation. The company has not made a legal response to the claims in the lawsuit, which was filed earlier this month.
UK-based…
