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Win for Vivendi Investors in Court of Appeals

September 2016

The United States Court of Appeals recently upheld a nearly $50 million jury verdict in favor of a class of investors in Vivendi Universal, S.A., who, the Court held, was properly found liable for “disseminating a network of interrelated lies” to defraud investors.  The opinion can be found here.

For more on the win:

$50M Securities Fraud Verdict Against Vivendi Upheld on Appeal

Vivendi Loses Appeal in $49M Shareholder Suit At 2nd Circ.