A New York jury decided Friday in favor of U.S. and European shareholders who said the Paris-based Vivendi media group lied to the public about its shaky finances. Plaintiffs said the potential payout to investors could total $9.3 billion. A lawyer for Vivendi said it was impossible to estimate actual damages or even the class size yet, but a shareholders' attorney said he believed the award was the largest securities class action jury verdict in history.
Jury Rules for Shareholders in Vivendi Suit; Plaintiffs Predict $9.3 Billion Payout
The Associated Press
February 1, 2010