Similar Stories to Ex-shareholders Demand $1 Billion From Vivendi Universal on Bing News

PARIS (AP) — Shareholders from the U.S. and multiple countries took entertainment conglomerate Vivendi Universal to court in Paris on Tuesday to demand up to $1 billion in damages for allegedly hiding its massive debts and other financial troubles from investors 20 years ago. Vivendi — whose holdings currently include Universal Music Group, Gameloft video game producer and cable network Canal+ — was accused of providing fraudulent information to shareholders between 2000 and 2002 in the trial held Tuesday in the Paris commercial court. Vivendi’s high-flying CEO at the time, Jean-Marie Messier, vaunted the company’s financial health even as it was bleeding cash, according to internal company documents read at the trial.Read more on NewsOK.com

BING NEWS:
  • Bonside Sees Multi-Unit Retail Demand as Fund Closes
    Multi-unit retail will be something Bonside continues to keep an eye on, as it has an upbeat outlook on the industry. Govindraj noted that CRE operators see less risk in signing a lease at a fourth ...
    09/26/2024 - 10:54 pm | View Link
  • Supply-Demand Imbalance Shapes Senior Living Investment Landscape
    Walker & Dunlop quoted some figures from Green Street indicating a base case of 3.10% annual growth in supply but 4.60% in demand. By 2050, the estimate is that 20% of the population will be at least ...
    09/24/2024 - 10:25 pm | View Link
  • Will AI Demand Continue To Drive Western Digital Stock Higher?
    Western Digital stock (NASDAQ: WDC) has seen a 2x rise in value since early January 2023 – jumping from levels of $32 then to $66 now – vs. an increase of 47% for the S&P 500 over this period. In ...
    09/23/2024 - 1:00 am | View Link
  • Canal+ Group Consolidates Vivendi-Owned Assets for Enhanced Digital Media Operations
    In recent years, Canal+ Group has made significant expenditure and investments amounting to approximately €1 billion annually in technology (including its broadcasting and streaming infrastructure, ...
    09/22/2024 - 2:48 pm | View Link
  • Demand Pushes Senior Living Occupancy Higher as ‘Funky’ Supply Imbalance Lingers
    Between demand for senior living and a new interest rate cut, companies in the industry have some things to look forward to in the years to come. But a ...
    09/18/2024 - 11:10 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News