French Court Convicts Warner Head, Ex-Vivendi Boss
Date: Friday, January 21, 2011 @ 12:04:52 UTC

A French court, in a surprise ruling, convicted and fined Warner Music Group chairman and CEO Edgar Bronfman Jr. for insider trading and former high-flying Vivendi CEO Jean-Marie Messier for misusing company funds and misleading investors. Bronfman, a former executive vice president of Vivendi Universal, was fined $6.7 million and given a 15 month suspended sentence for insider trading around the Vivendi media conglomerate when he was a top executive there. Messier was handed a three-year suspended prison sentence and a fine. Complete Article

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