Vivendi is claiming a major legal victory after a US judge limited the number of shareholders who can pursue it over alleged false financial statements relating to the Seagram / Canal Plus merger in 2000. The company said the decision would reduce the damages it could potentially face by 80 per cent from a figure of more than £5.5 billion (€6.5bn).

Jean-Bernard Lévy, the Vivendi chief executive, called the decision a “substantial victory”. The legal action relates to statements made about the financial health of the company stemming from its $46 billion merger.

Other posts by :

1. Bank uplifts RocketLab
2. AST SpaceMobile’s BlueBird/FM1 en route to India
3. D2D satellite battle hots up
4. Eutelsat share price rockets
5. AST SpaceMobile recovers after Verizon agreement
6. Bank has mixed messages for AST SpaceMobile
7. EchoStar clears key regulatory hurdles for Starlink deal
8. Starlinks falling to Earth every day
9. 650 Starlink D2C craft in orbit

Categories: Articles, Business, Funding