Liberty Wins Nearly $1B In Dispute With Vivendi Over USA Network Stake: Report
A federal judge has awarded Liberty Media a $999 million judgment against Vivendi in a lawsuit decided by a jury in June 2012, Bloomberg reports. The jury had agreed that Vivendi inflated the value of shares in USA Networks that Vivendi sold to Liberty, and the judge calculated the damages as €765 million with interest from December 2001, according to a court filing Tuesday. Judge Shira Scheindlin said the damages would be calculated in euros because Liberty “bore risk and suffered losses” in euros. The verdict is the fourth-largest in the U.S. in 2012. The biggest was the $1.17 billion award to Carnegie Mellon University over Marvell Technology. Second-largest was Apple’s $1.05 billion verdict against Samsung, followed by Monsanto’s $1 billion victory over DuPont.
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