9:36am PT by Matthew Belloni
WME Settles Litigation With Former Agent John Ferriter
Former William Morris Endeavor talent agent John Ferriter has settled his $25 million litigation against his former employer. Terms of the settlement, which was announced in a company-wide email to WME employees, have not been disclosed.
Ferriter, the only William Morris partner to vote against its 2009 merger with Endeavor, sued claiming he was marginalized at the agency and eventually forced out. The case was referred to a mediation, the first phase of which took place in late 2011 and featured a witness list including WME's Ari Emanuel, Rick Rosen and other top agents. Another phase was scheduled to begin in the next few months, giving the parties a windown in which to settle the matter.
Ferriter was a pioneer in representing clients in the unscripted television space, which has grown exponentially over the past decade. Some of his clients, including Piers Morgan, X Factor host Steve Jones and personality Dr. Drew Pinsky, followed him when he left WME to become a manager at Octagon.
The WME email to staff said the agency had settled its differences with Ferriter and would work with Octagon in the future.