March 25, 2013
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.
March 01, 2013
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.
August 13, 2012
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.