Vivendi Seeks Rehearing Of Panel’s Affirmation Of Verdict In Securities Suit
(October 14, 2016, 2:01 PM EDT) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel erred in affirming a federal jury’s verdict against a French company for issuing a series of misrepresentations regarding liquidity in violation of federal securities law, and rehearing is necessary because the ruling is in conflict with U.S. Supreme Court precedent, the company argues in an Oct. 11 motion for rehearing and rehearing en banc (In re Vivendi S.A. Securities Litigation, No. 15-180, 2nd Cir.).
(Motion for panel rehearing and rehearing en banc available. Document #57-161017-502B.)...