Shareholders Drop Suit Against French Utility Giant - 5/25/2012

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Stanford Law School


2012 News and Press Releases

News News 2012


DISMISSAL NEWS:

Shareholders Drop Suit Against French Utility Giant
Lisa Uhlman

Law360 - Securities. May 25, 2012

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EXCERPT: Plaintiffs who accused French water utility multinational Veolia Environnement SA in a New York federal court shareholder class action of overstating financial results by using improper accounting practices on Friday agreed to the voluntary dismissal of their case. U.S. District Judge Victor A. Marrero signed off on the stipulation of dismissal submitted by co-lead counsel for the plaintiffs, putting an end to the suit, which originally was filed Dec. 27 and later consolidated with a similar suit filed Jan. 20. "After full and careful consideration of...

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