33 Claims Tossed In Vivendi Shareholder Suit

Law360, New York (March 18, 2009, 12:00 AM EDT) -- A federal judge has dismissed without prejudice the claims brought by 33 individual shareholders in a long-standing securities fraud class action against two former executives of Vivendi Universal SA, saying they failed to serve one of the defendants on time.

Judge Richard J. Holwell of the U.S. District Court for the Southern District of New York on Monday approved former Vivendi Chief Financial Officer Guillaume Hannezo's motion to dismiss 33 claims in the suit alleging that he, former CEO Jean-Marie Messier and their former employer made...
To view the full article, register now.