LBBW Asset Management et autres c. Vivendi S.A., RG 2011-27112, Tribunal de commerce de Paris (misrepresentations regarding company’s liquidity)

Following the dismissal of claims against Vivendi following the Supreme Court’s issuance of the Morrison decision, 561 U.S. 247 (2010), and after a full and successful jury trial, Sturman LLC developed a first-of-its-kind securities fraud action against Vivendi in the Tribunal de Commerce de Paris.  That action is ongoing and seeks compensation for investors who purchased Vivendi securities in France and who were misled regarding debt incurred by Vivendi associated with a $77 billion acquisition spree in the 1990s. The case is ongoing.