April 07, 2017
Vivendi SA agreed to pay $26.4 million to settle all remaining disputes in an almost 15-year-old case alleging that it falsely reported "better than expected" financial results after making a series of acquisitions that led it to the brink of bankruptcy, according to a deal filed in New York federal court Thursday.
April 26, 2016
A New York federal judge on Monday tossed the last claims yet to be resolved in a 14-year-old Vivendi SA shareholder suit after a jury found the media conglomerate liable for misleading investors, finding clients of one investment adviser weren't relying on alleged misstatements.
September 11, 2012
A New York federal judge on Tuesday raised concerns over damage claims from a "strange" jury verdict sheet in a stock inflation class action against Vivendi Universal SA, saying the shares at issue, created during a three-way corporate merger, did not exist during part of the class period.
February 01, 2012
A New York federal judge on Friday threw out claims by Vivendi Universal SA investors that the French media giant artificially inflated its foreign shares as it pursued major acquisitions, citing the U.S. Supreme Court's Morrison ruling limiting the reach of U.S. securities laws.
July 22, 2011
The Second Circuit on Wednesday rejected an appeal of a lower court's decision to pare a class of Vivendi Universal SA shareholders that claims the French media giant artificially inflated its foreign shares, saying the petition was incorrectly brought under federal class action rules.
February 22, 2011
A federal judge on Tuesday tossed common shareholders' claims in a massive fraud class action against Vivendi SA, complying with the U.S. Supreme Court's ruling that the Securities Exchange Act of 1934 cannot be used to regulate foreign securities exchanges.