Vivendi Can't Duck $1B Verdict Over Liberty Media Deal

Law360, New York (February 13, 2013, 5:26 PM EST) -- Vivendi Universal SA failed to persuade a New York federal judge Tuesday to set aside a €765 million ($1.03 billion) verdict to Liberty Media Corp. or obtain a new trial in a row accusing it of using its inflated stock to strike a deal to buy Liberty's stake in USA Networks Inc.

U.S. District Judge Shira Scheindlin found that Liberty had relied on Vivendi’s misrepresentations of its financial health to enter into the deal, and rejected arguments by Vivendi, which allegedly hid its financial troubles caused...
To view the full article, register now.