Current Trial Against Vivendi Just Round 1?

vivendi-logo230The rare and high-profile trial that got underway this week against Vivendi and certain of its executives may not be the last against these defendants.  The Telegraph reports that the plaintiffs in the case now at trial do not include shareholders from certain countries who were excluded from the class, and who may bring their own lawsuit.

U.S. District Judge Richard Holwell (SDNY) ruled in March 2007 that investors in France, the UK and the Netherlands – but not from Germany and Austria – were eligible to participate in the lawsuit. The Telegraph reports that Stuart Grant of the law firm Grant & Eisenhofer said that he is acting on behalf of “a number of large German banks, insurance companies in Switzerland and a few funds in Scandinavia” and that he expects another trial to follow the current case.

Grant told the Telegraph that he hopes a trial in his case can begin a couple of months after the current case is over.

Read the Telegraph article.