Hotline: Omnicom successfully defends lawsuit from investors

Omnicom has successfully defended a lawsuit from investors, who were claiming $1 billion (£502 million) in damages over the way it accounted for its internet assets following the dotcom bust. A US District Judge has thrown out the case, which related to Omnicom's transfer of digital assets such as Agency.com and Razorfish in 2001 to Seneca Investments.