|[December 10, 2012]
Abbey Spanier Rodd & Abrams, LLP Announces Notification of Jury Verdict in Vivendi Universal, S.A. Securities Litigation and Commencement of Claims Procedure for Class Members Who Acquired Vivendi American Depository Shares (ADSs)
NEW YORK --(Business Wire)--
The following statement is being issued by Abbey Spanier Rodd & Abrams,
LLP regarding the Vivendi (News - Alert) Universal, S.A. Securities Litigation.
UNITED STATES DISTRICT COURT, SOUTHERN DISTRICT OF NEW YORK
IN RE VIVENDI UNIVERSAL, S.A. SECURITIES LITIGATION, Civil Action, No.
02 Civ. 5571, (SAS (News - Alert)/HBP) ECF Case
SUMMARY NOTICE TO CLASS MEMBERS
To: All persons from the United States, France, England and the
Netherlands who purchased or otherwise acquired American Depositary
Shares ("ADSs" or "ADRs") of Vivendi Universal, S.A., ("Vivendi")
between October 30, 2000 and August 14, 2002 ("Class Members").
This is a Court-approved notification of the jury verdict holding
defendant Vivendi liable in this case. The jury verdict also found that
two former senior officers of Vivendi, ean-Marie Messier and Guillaume
Hannezo, did not violate the securities laws and are not liable on any
of the claims asserted against them. If you are a Class Member, you are
entitled to file a claim for damages. The deadline for filing of claims
is May 9, 2013. You may obtain a Claim Form and other information at www.vivendiclassaction.com
or by calling 1-800-767-2840 toll-free. Vivendi will appeal the jury
verdict and other aspects of the case, and the result is not final.
Attorneys for the plaintiffs ("Class Counsel") intend to file an
application for an award of attorneys' fees and reimbursement of their
nontaxable costs and expenses, to be paid out of the damages awarded to
Class Members. Only amounts approved by the Court will be awarded. Class
Counsel will request an award of attorneys' fees of up to one-third of
the amount of any damages and prejudgment interest payable to the Class.
The Court will set a hearing on the application after the conclusion of
the claims procedure. Relevant deadlines, the hearing date, and other
documents will be posted at www.vivendiclassaction.com.
Clerk of Court
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