AdWeek: Lot 21 Shareholders Seek Carat Payout

All is not well with the 2002 buyout of interactive shop Lot21. When Carat Interactive purchased the company, the brunt of the price to be paid to the 27 common shareholders was to be based on reaching certain business targets. Carat has paid only about $500,000 of an almost $9 million in earn-outs, and shareholders say that the missing of certain targets was due to Carat manipulation of business decisions and accounting. The conflict is scheduled to be arbitrated on May 3.