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
NEW YORK, Dec. 10, 2012 /CNW/ - The following statement is being issued by
Abbey Spanier Rodd & Abrams, LLP regarding the Vivendi Universal, S.A.
UNITED STATES DISTRICT COURT, SOUTHERN DISTRICT OF NEW YORK
IN RE VIVENDI UNIVERSAL, S.A. SECURITIES LITIGATION, Civil Action, No. 02 Civ.
5571, (SAS/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, Jean-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
Clerk of Court
Abbey Spanier Rodd & Abrams, LLP, +1-212-889-3700 or 1-800-889-3701
SOURCE: Abbey Spanier Rodd & Abrams, LLP
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CO: Abbey Spanier Rodd & Abrams, LLP
ST: New York
NI: FIN LAW VERDICTS LAWVIEWS
-0- Dec/10/2012 14:01 GMT
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