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Andrea Iervolino Bats Back Misconduct Accusations As ILBE Shareholders Approve Legal Action
At a meeting on Monday, IBLE shareholders agreed to initiate legal action against departed CEO Andrea Iervolino and Rename Company Lady Bacardi Media
Key resolutions agreed at the meeting included initiating legal action against Iervolino and giving the mandate for preliminary and investigative activities to top Italian law firm Pedersoli Gattai. Iervolino’s move to strike off on his own has sparked a bitter public dispute with Bacardi, with whom he produced films such as Ferrari, To The Bone, Modi, In The Fire and Lamborghini under the joint ILBE banner they co-founded in 2011. When this failed to come to fruition, Bacardi holds that Iervolino started to transform the latter outfit into a production company, in a move she says was a conflict of interest and represented unfair competition.
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