Springer & Jacoby is facing a lawsuit

The Hamburg advertising agency Springer & Jacoby is facing financial disaster. As Horizont.at reports, former executives are demanding a buyback of their shares from the company's own investment program in the advertising holding company 3E. Springer & Jacoby owns 49 percent of this company. According to the contract, the agency should have made the former employees a buyback offer within four weeks of their departure. As this did not happen, there is now a threat of claims amounting to one million euros. Springer & Jacoby is already sitting on a mountain of debt amounting to 13 million euros. Following the failed takeover by Elephant Seven, Scholz & Friends is currently being discussed as a potential buyer.