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Wireless Tower Operator Sues Chief Of RivalThe American Tower Corporation sued a former Goldman Sachs executive who heads a rival wireless tower operator on Friday, claiming he had impersonated its chief by sending a negative article about it via e-mail to two large investors. According to the complaint, filed in Federal District Court in Manhattan, Jide J. Zeitlin, a former global chief operating officer of Goldman Sachs investment banking, contacted a Money magazine reporter he knew and provided her with negative information about American Tower. Mr. Zeitlin, the founder of the private equity firm Keffi Group, then used an e-mail tool on the CNN.com Web site to send a copy of the Money report to two of American Tower’s large investors, the company said in the complaint. The outgoing e-mail address made it seem that the sender was American Tower’s chief executive, James D. Taiclet Jr., it said. Money magazine and CNN are owned by Time Warner. American Tower said Mr. Zeitlin had previously acknowledged misappropriating Mr. Taiclet’s identity and sending the e-mail message via CNN.com, but had refused to cooperate with its efforts to further investigate his actions. The company, based in Boston, is suing for defamation, computer fraud and other claims and is seeking damages. Mr. Zeitlin founded Keffi and Independent Mobile Infrastructure, which is based in India. The two companies compete directly with American Tower in the international mobile telecommunications infrastructure business, according to the complaint. The lawsuit also names Keffi and Independent Mobile as defendants. Mr. Zeitlin could not be reached immediately at his Keffi office in New York. American Tower said the article, about its stock option practices, was published in October 2006 and compared the practices with those of Enron, the giant energy company that has become a symbol of corporate fraud and corruption. Mr. Zeitlin sent the article to Thomas D. Stern of Chieftain Capital Management and Nick S. Advani of Goldman Sachs, two large investors in American Tower. The e-mail message included a comment that said “fascinating” and did not indicate that Mr. Zeitlin was the sender, according to the complaint. Chieftain Capital is American Tower’s fifth-largest investor, with more than $600 million invested, while Goldman is its 11th-largest investor with more than $300 million, according to the complaint. Tag CloudExternal InformationAdditional InformationThe Birds, the Bees and Hardcore Business...To Appeal to Women, Too, Gadgets Go Beyond ?Cute? and ?Pink?... For ?A? Students in Some Brooklyn Schools, a Cellphone and 130 Free Minutes... Full exposure... Where Am I?News Main Page - Business - Wireless Tower Operator Sues Chief Of Rival |
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