TITLE

Vivendi Universal escrow sought

PUB. DATE
September 2003
SOURCE
Hollywood Reporter -- International Edition;9/23/2003, Vol. 380 Issue 23, p50
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The U.S. Securities and Exchange Commission said last week that it had asked a federal judge for an order to compel broadcasting company Vivendi Universal SA to place in escrow extraordinary payments, including for severance, that it may make to former Chief executive officer Jean-Marie Messier. The jury on September 15 ordered the company to pay Messier $23.5 million in promised severance, but Vivendi said it would use all legal means to avoid such payments.
ACCESSION #
11061563

 

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