ZOOM MEDIA GROUP FILES LAWSUIT AGAINST FORMER CEO

ZOOM MEDIA GROUP FILES LAWSUIT AGAINST FORMER CEO



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MIAMI BEACH, FL–(HISPANIC PR WIRE – BUSINESS WIRE)–Aug. 17, 2002–Zoom Media Group has filed a civil lawsuit against Maria Garana, the company’s former CEO, and John Reuter, a former director of Zoom Media Group and the publisher of Grupo Expansion. The suit was filed in the Circuit Court of the Eleventh Judicial Circuit in and for Miami-Dade County Florida. The civil complaint alleges that the defendants breached fiduciary duties they owed to the company, and also alleges constructive fraud. The company intends to vigorously prosecute this action.

Zoom Media Group publishes PODER and LOFT magazines. Its principle investors are Glacier Investments, Citigroup, Bank of America, Latin Rim, El Universal and the company’s founders.

ZOOM MEDIA GROUP FILES LAWSUIT AGAINST FORMER CEO