This week, a very rare occurrence — a trial in a securities class action — got underway in Manhattan in the Vivendi litigation. Adam Savett, head of RiskMetrics’ Securities Class Action Services which actually tracks these trials, spoke with me today about how uncommon they are, the types of verdicts that have resulted to date, and some of the very real challenges these trials present for counsel. Our discussion is available in the video below:
[…] rights group over their right to participate in the U.S. lawsuit against the company that has now proceeded to trial. Bloomberg reports that Vivendi contends that French shareholders must bring their cases in […]
[…] action, the judge says he sees a crime. So I have to ask myself about the timing.” As previously discussed here, a rare securities class action trial against Vivendi is now underway in federal court in New […]