Legal Opinion

GAMCO Investors, Inc. v. Vivendi, S.A.

District Court, S.D. New York

Decided January 10, 2013No. Nos. 03 Civ. 591(SAS), 09 Civ. 7962(SAS)PublishedCited by 9 opinions

1Opinion of the Court

OPINION AND ORDER

SHIRA A. SCHEINDLIN, District Judge.

1. INTRODUCTION1

This Court’s prior holdings establish that: (1) Vivendi Universal, S.A. (“Vivendi”) is precluded from contesting the elements of a Section 10(b) claim, save for reliance; (2) GAMCO Investors, Inc. (“GAMCO”) is entitled to the fraud on the market presumption, which shifts the burden to Vivendi to disprove reliance; and (3) Vivendi is precluded from raising the truth on the market defense to rebut the presumption of reliance. Based on these holdings, plaintiff GAMCO moves for summary judgment on its Section 10(b) claim against…

2Cases cited52 opinions

  1. Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
  2. Reeves v. Sanderson Plumbing Products, Inc.Supreme Court of the United States · 2000
  3. Basic Inc. v. LevinsonSupreme Court of the United States · 1988
  4. Carol A. Gallo v. Prudential Residential Services, Limited Partnership, Doing Business as Prudential Relocation ManagementCourt of Appeals for the Second Circuit · 1994
  5. ATSI Communications, Inc. v. Shaar Fund, Ltd.Court of Appeals for the Second Circuit · 2007

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3Cited by9 opinions

  1. City of New York v. Fedex Ground Package System, Inc.District Court, S.D. New York · 2016
  2. Blank v. Tripoint Global Equities, LLCDistrict Court, S.D. Illinois · 2018
  3. GAMCO Investors, Inc. v. Vivendi, S.A.District Court, S.D. New York · 2013
  4. Petrie v. Electronic Game Card, Inc.District Court, C.D. California · 2015
  5. Altimeo Asset Management v. Jumei International Holding LimitedDistrict Court, N.D. California · 2021

4 more not listed; retrieve them via the Exa API.

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