Condé Nast is coming after former W Journal editor Stefano Tonchi, calling him a “faithless servant” and claiming he’s attempting to “extort” the corporate.
In June, the writer canned Tonchi on the identical time it offered the style bible, which he’d headed for 9 years, to Floor Media. Now the publishing large has accused Tonchi — who’s suing them for $1 million, claiming wrongful termination — of interfering with the sale by “disclosing confidential and sometimes false information” to the press and potential bidders, and “taking secret meetings … though he was not authorized to do [so],” all to “achieve benefits for himself,” in accordance with courtroom docs.
Along with submitting its countersuit, Condé Nast is searching for to have Tonchi’s lawsuit dismissed, and the return, with curiosity, of “all monies paid to him during his period of disloyalty, as a faithless servant,” courtroom papers say.
Tonchi’s lawyer instructed WWD that the writer is attempting to “blame Stefano for its bungling of the sale process and its apparent agreement to take what it thought was an unacceptably low price” for the journal.