NDTV takes TAM, principals to US court for $580 million [updated]

31 Jul,2012

 

By A Correspondent

Leading news and lifestyle television broadcaster NDTV has taken TAM and its principals Nielsen and Kantar to court. We confirm we have filed a lawsuit in the Supreme Court of New York State. Because the matter is sub judice, we have no further comments at this time,” said an NDTV spokesperson. And here’s the response from the TAM spokesperson: “TAM India, a 50:50 Joint venture between Kantar Media and Nielsen, doesn’t comment on any litigation.”

According to a report in Courthouse News Service and Entertainment News Digest (link: http://www.courthousenews.com/2012/07/30/48808.htm and http://www.entlawdigest.com/2012/07/30/1672.htm) :

It seeks $580 million on 42 counts, including negligence, gross negligence, false representations, prima facie tort and violations of the FCPA and Dutch Corporate Governance Code. It claims that the Dutch Corporate Governance Code requires that Nielsen, a Netherlands-based company, act in the interests of all corporate “stakeholders.”

The Defendants include five Kantar entities, TAM and 14 Nielsen group entities, Nielsen CEO David Calhoun and its directors James Atwood, Jr., Richard Bressler, Simon Brown, Michael Chae, Patrick Healy, James Kilts, Iain Leigh, Eliot Merrill, Alexander Navab, Robert Reib and Scott Schoen.

 

[we’re unlikely to see any more updates on this, but we will update the story in case there are any]

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