Judge Maintains Jurisdictional Harmony and Refuses to Block Foreign Company’s Suit in France. In a recent post, I wrote about the “F-Cubed” securities class action trial currently underway in New York federal court. The class action lawsuit, In Re: Vivendi Universal, S.A., alleges Vivendi made material misrepresentations and omissions concerning the firm’s liquidity position. The truth… Continue Reading
Tag Archives: Vivendi
What Do Halley’s Comet and “F-Cubed” Securities Class Action Trials Have in Common?
Posted in International Litigation***Update January 29, 2010*** "The jury in the long-running securities class action lawsuit against Vivendi has resulted in a verdict against the company on all 57 of the plaintiffs’ claims. However, the jury also found that the two individual defendants, former Vivendi CEO Jean Marie Messier and former Vivendi CFO, were not liable. The jury’s… Continue Reading