United Ability Company has actually terminated Michael Kassan, creator of MediaLink, the advertising and marketing company it got in 2021, and is currently suing him for “misappropriation of company funds,” the firm claimed Tuesday. In action Kassan is countersuing the firm for breach of contract.
“Michael Kassan was terminated for cause by UTA on March 7th 2024, following a thorough and exhaustive third-party investigation into misappropriation of company funds. We filed a lawsuit against him today and look forward to presenting the facts in court,” UTA claimed in a declaration supplied to media.
According to Range, which initially reported Kassan’s claim, Kassan rejects he was terminated and claims he surrendered. His claim implicates UTA CEO Jeremy Zimmer and various other execs acted in negative belief when they got MediaLink.
The exact information of the claims versus Kassan have actually not yet come to be public; UTA’s claim has actually not yet been docketed and can not be examined as of this writing. Agents for UTA really did not quickly react to a demand for remark.
UTA gotten MediaLink in Dec. 2021 in a bargain whose terms were not divulged. As component of the procurement, Kassan signed up with UTA as a companion while continuing to be CEO of MedliaLink, which preserved its complete praise of workers. On top of that, UTA rebraded its very own advertising and marketing division as UTA Home Entertainment & & Society Advertising, which was made a department of MediaLink.
THR initially reported on Kassan’s shooting.
