2002-12-18: Vivendi Universal has decided to take legal action against APPAC and its President before the Paris High Court.

Vivendi Universal has decided to take legal action against APPAC and its President before the Paris High Court. The aim of the action is to halt the spread of false news and the destabilizing campaign being conducted by APPAC.

During public statements made on December 12 and 13, 2002, APPAC and its President affirmed, among other things, that Vivendi Universal was to be declared insolvent, that the company was to be put into receivership, that Vivendi Universal had not made public the audit report carried out at the request of the company, and that Vivendi Universal had filed at least seven different balance sheets.
Vivendi Universal has filed a complaint with the Paris Civil High Court (Tribunal de Grande Instance) to obtain answer and impose sanction on all these false accusations, aimed in particular at APPAC's incorrect behavior.

Vivendi Universal considers it has a duty to take legal action in the interest of its shareholders and employees, who should not be the victims of biased misinformation.
Vivendi Universal that it is claiming damages in the proceedings started by APPAC in order to cooperate fully in revealing the true situation.