In re Vivendi, S.A. Secs. Litig.
Court of Appeals for the Second Circuit
1Opinion of the Court
DEBRA ANN LIVINGSTON, Circuit Judge:
Prior to 1998, Compagnie Genérale des Earn was a French utilities company, best known for supplying water to households across France. By the close of 2000, that same company, now touting the name Vi-vendi Universal, S.A. (“Vivendi”)) was a global media conglomerate with extensive dealings in the film, music, telecommunications, publishing, and Internet industries, among related others. What followed on the heels of Defendant-Appellant-Cross-Appellee Vivendi’s seemingly overnight transformation gives rise to the securities-fraud allegations now at issue.
To…
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