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Russian mobile carrier VimpelCom (VIP -10.9%) slumps after receiving an injunction from Russian...

Russian mobile carrier VimpelCom (VIP -10.9%) slumps after receiving an injunction from Russian antitrust regulators that stems from a ruling shareholder Telenor illegally acquired preferred shares of VimpleCom from fellow carrier Weather Investments. As a result, a VimpelCom subsidiary is barred from paying dividends, and the powers of its board and auditors have been suspended. This, in turn, has led VimpelCom itself to defer a dividend payment. (previous)
Comments (2)
  • Oh Christ! Just what we need is another CHK. I so sick of these crooked sobs that I could puke. When will the regulators start to put these bastards underneath the jail for their handywork?
    25 May 2012, 10:48 AM Reply Like
  • Lesson learned! I hold a small position in VIP, reaching for yield. After researching this company and looking at the financials, thought it was a good bet but again got burned by the crooks that control companies. We little guys need to stick to ETF's, funds, and big American companies.
    28 May 2012, 11:06 AM Reply Like
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