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Gamco Global Series Funds, Inc. et al v. Vivendi S.A.
Case Number:
1:09-cv-07962
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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March 25, 2013
How They Won It: Cravath Thwarts $3.5M Vivendi Investor Suit
Cravath Swaine & Moore LLP successfully rebutted the so-called fraud-on-the-market presumption in defeating a $3.5 million investor suit accusing Vivendi SA of alleged misstatements and stock price inflation, using rigorous direct examination of the plaintiffs' witnesses and an unconventionally academic closing argument.
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March 01, 2013
Vivendi's Fraud-On-The-Market Rebuttal Sinks $3.5M Suit
French mass media conglomerate Vivendi SA shook off a $3.5 million investor suit over alleged misstatements and stock price inflation in an unusual victory that turned on its successful rebuttal of the so-called fraud-on-the-market presumption, a tall order for companies to beat.
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August 13, 2012
Vivendi Investors Allowed To Use Facts From Class Action
Investors excluded from a class action accusing Vivendi SA of issuing misleading statements about its liquidity can use some settled facts from the suit to pursue their claims individually, a New York federal judge ruled Friday.