Messier, Bronfman to stand trial in Vivendi case
Former Vivendi SA executives Jean- Marie Messier and Edgar Bronfman Jr. are among seven people who must stand trial in Paris on charges involving share manipulation at the media company. The more than five-year-old investigation centres on allegations of market manipulation, distributing false information, and misuse of corporate funds.
The decision by Judge Jean-Marie d’Huy to send former Vivendi Universal Chief Executive Officer Messier and Warner Music Group CEO Bronfman and the others to trial overrules a January recommendation by Paris prosecutors to drop the case. The company is a co-defendant with Messier in a related shareholder lawsuit in New York over statements about the company’s health between 2000 and 2002.