2004-06-22: Paris Commercial Court finds case filed by APPAC inadmissible
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By its ruling handed down today, the Paris Commercial Court found inadmissible the case filed by APPAC, the individual shareholders’ association, and Mr. Cornardeau on January 16, 2004. The legal action aimed to have Mr. Fourtou sentenced to pay Vivendi Universal the sum of €60 million in damages.
The Paris Commercial Court also rejected APPAC’s and Mr. Cornardeau’s request for a delay on the ruling.
Vivendi Universal is pleased with this decision, which dismisses a request that is plainly without foundation since Mr. Messier had to renounce his Termination Agreement in December 2003 following the SEC’s intervention. That renunciation brought to an end a series of legal actions brought by Vivendi Universal at the instigation of its chairman, Jean-René Fourtou, with a view to achieving this outcome.
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