NEW YORK (Reuters) – Vivendi SA ( ) mentioned it agreed to pay $26.4 million to finish nearly 15 years of U.S. litigation accusing the French media firm of misleading shareholders about its funds in connection with a $forty six billion three-manner merger.
Probably it isn’t such a good suggestion in private injury or advanced litigation until both events are totally behind it. The value is very near a bench trial and in fact the mediators in massive scale mediation are far more expensive than the courts. U.S. District Judge Katherine Polk Failla in Manhattan said the plaintiffs, together with a couple of dozen funds from BlackRock Inc ( BLK.N ), Pacific Investment Management Co ( ), Prudential Financial Inc ( PRU.N ) and TIAA-CREF, could pursue breach of contract and battle of curiosity claims associated to 53 trusts. The case is In re: Bear Stearns Mortgage Pass-Through Certificates Litigation, …Read more →