Vivendi Universal, S.A.
Latest Action:† On August 11, 2008, the SEC announced the distribution of more than $48 million to more than 12,000 investors in the U.S. and 15 other countries in connection with the SECís enforcement action against Vivendi Universal, S.A. For investors who have questions about the distribution, please take a look at the SECís press release containing contact details to Jeffrey Sklaroff, Esq., the Court-appointed distribution agent.
Background:† On January 12, 2004, the SEC obtained permanent injunctions and other relief against Vivendi Universal, S.A., Jean-Marie Messier, and Guillaume Hannezo in connection with fraudulent conduct committed at Vivendi. As part of the settlement, the defendants will pay civil penalties and disgorgement of more than $51 million. The defendants are required to pay this amount over the next year into the registry of the Court. For more information about the SEC's action, you can read Litigation Release Nos. 18352 (Sept. 16, 2003), 18373 (Sept. 29, 2003), and 18523 (Dec. 24, 2003).
Under the terms of the settlement, the SEC may submit a proposed distribution plan to the District Court. Investors who believe they may be eligible to participate in the distribution plan need not do anything at this time. Please be aware that investors who join a class action against any of the defendants may still be able to participate in the SEC's plan.
The Court appointed Jeffrey B. Sklaroff to serve as distribution agent for the $51 million received in disgorgement and civil penalties. For the latest information, you can visit the distribution agent's website. Investors can contact Mr. Sklaroff with questions about distribution of the funds at:
Greenberg Traurig LLP