French court blocks Messier pay

Bennett, Ray; Pryor, Peter
July 2003
Hollywood Reporter -- International Edition;7/15/2003, Vol. 379 Issue 26, p67
The legal battle over severance payments to former Vivendi Universal SA chairman and CEO Jean-Marie Messier saw its latest twist when a French court said the firm doesn't have to shell out millions, a decision that contradicts a recent ruling by a U.S. court. A payment should only be made once shareholders have had a chance to vote on Messier's termination package, the court argued.


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