News 2007

RDF Media Group is pleased to announce that today the High Court has found in its favour in its long-running legal dispute with Alan Clements, former Creative Director of RDF subsidiary IWC Media (IWC).

RDF has obtained a declaration and an injunction from Deputy Judge Bernard Livesey QC in the High Court restraining Mr Clements from joining a competitor until December 2008, three years after IWC was acquired by RDF. Mr Clements signed an agreement in December 2005 undertaking not to join a competitor for 3 years in exchange for the substantial consideration paid to him by RDF for his shares in IWC.

Mr Clements resigned his position at IWC in April of this year with the stated intention of taking up the role of Head of Content at SMG plc. A trial of the issues was held last month at the High Court of Justice in London.

David Frank, Chief Executive of RDF said:

"This is a victory not only for RDF but the independent sector as a whole as it continues to consolidate. It is vitally important that individuals are held to the agreements they make when their companies are acquired and they make a lot of money as a result.

In my view a deal is a deal. Alan Clements entered into his contractual arrangements with RDF voluntarily, for which he was paid handsomely. This was an important matter of principle and I’m delighted that the High Court has found in RDF's favour."

For further details please contact:
Alice Robertson
Tel: + 44 (0) 20 7013 4368
Alice.robertson@rdfmedia.com
RDF Media Group, The Gloucester Building, Kensington Village, Avonmore Road, London, W14 8RF