“Run Of Terror”: A3’s Adam Bold Hit With Accusations Of Fraud, Drug Abuse, Sexual Harassment & Trying To Sell Agency “For Parts” By CEO & President

deadline.com:

Five years after snagging a majority stake in A3, Adam Bold is being accused of “a campaign of chaos” by the Agency’s CEO and president and being a coke addict, a “creeping” leach who created a toxic and hostile workplace, and a spendthrift who is steering “what remains of a once-great company into bankruptcy.” “In an astonishing run of terror, Bold has squandered everything: A3 is in a state of chaos and dissolution as its agents jump off the sinking ship and flee to A3 competitors, or wait in shock and fear for the next shoe to drop,” declares the 10-claim fraud and breach of contract complaint from Robert Atterman and Brian Cho against Bold, A3 itself and Superbrands Capital “Remarkably, Bold has managed to alienate nearly every A3 employee, from its leadership down to its administrative staff, through a corrosive and toxic leadership style more emblematic of Nero than Bob Iger.” Filed today in LA Superior Court, the complaint seeks a “temporary restraining order, a preliminary injunction, and a permanent injunction” to stop Bold from selling “A3 for parts and create a golden parachute for himself.” Along with a variety of damages, the duo want the courts to stop “Bold from disclosing any further confidential and trade secret information to A3’s competitors indefinitely.” Over the past year, Bold has been in the process of selling a chunk of A3 to Gersh.

A sale that Atterman and Cho say through corporate moves and more would leave them “empty-handed” and the 200 or so remaining A3 employees getting the axe.

The deal for the Gersh Agency to acquire the unscripted and digital departments of A3 that is still pending and won’t go any faster now thanks to this legal action.