![Actualite financiere : Actualite bourse](/img/photos/photo//855472000_27.jpg)
Vivendi: settles old dispute with investors
(CercleFinance.com) - Vivendi announces the conclusion of a settlement agreement with all the institutional investors who claimed financial compensation for allegedly inaccurate financial communications by its former management between 2000 and 2002.
The conglomerate says that these investors, which, after having had their claims dismissed by the Paris Commercial Court on 7 July 2021, were pursuing their claims before the Paris Court of Appeal.
This settlement, without any admission of fault or liability, enables Vivendi to eliminate the risk of litigation, and puts an end to a dispute that began in 2011 and involved events dating back over 20 years, it adds.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The conglomerate says that these investors, which, after having had their claims dismissed by the Paris Commercial Court on 7 July 2021, were pursuing their claims before the Paris Court of Appeal.
This settlement, without any admission of fault or liability, enables Vivendi to eliminate the risk of litigation, and puts an end to a dispute that began in 2011 and involved events dating back over 20 years, it adds.
Copyright (c) 2024 CercleFinance.com. All rights reserved.