Liberty Media (LMCA) has been awarded a €765M ($999M) judgment in its lawsuit against...

|About: Liberty Media Corp (LMCA)|By:, SA News Editor

Liberty Media (LMCA) has been awarded a €765M ($999M) judgment in its lawsuit against Vivendi SA (VIVHY.PK). The case stems from Vivendi’s 2001 purchase of LMCA’s stake in USA Networks. A jury awarded the damages, agreeing with Liberty Media’s claim that Paris-based Vivendi misled it about a liquidity crisis at the company, artificially inflating the value of its shares, which it used to make the purchase.