Verve And Former CEO Bill Weinstein Come To Settlement Agreement Following His Departure From Agency
deadline.comFollowing a breach-of-contract lawsuit filed after he departed the agency, former CEO Bill Weinstein and Verve have agreed on a settlement.
Details are unknown, but the attorney for Verve co-founders Bryan Besser and Adam Levine’s attorney released a statement Monday. “The parties have amicably resolved their dispute, and have reached a confidential settlement in principle,” Julie Gerchik at Glaser Weil said.
Weinstein filed the suit with the Los Angeles Superior Court last month stating he was kicked out of the company “without any notice, reason, cause or an opportunity to cure.” (Read the complaint here).
The settlement means the suit will not move forward. Weinstein could not be reached for comment. While not confirmed, sources say Weinstein will be setting up a new shop called Novo and bringing with him his clients along with former Verve agents Devon Schiff, Matthew Doyle and Jake Dillman.
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