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Vivendi To Appeal Against Jury's Decision In Securities Class Action Trial - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Vivendi S.A. (VIV) said it would appeal against a jury's decision in a U.S. securities class action trial.

Earlier today, a jury found that several public statements made by Vivendi between October 30, 2000 and August 14, 2002 violated the U.S. securities laws.

Vivendi strongly disagrees with the findings against the company, which the company believes are contrary to the facts and the law, in particular with respect to an alleged hidden liquidity risk.

The company said it intends to pursue all available paths of action to overturn the verdict.

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