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| Music Forum Index » Rush Music Forum » RUSH caught in fraud again, Vivendi caught misleading... |
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| LIBERATOR... |
 Posted: Wed Oct 28, 2009 1:34 am |
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The website indicates RUSH and/or Steven Spielberg own Vivendi.
Persons who are light energy, or good energy, never have a drive by it
to rule others, or "cleanse others". only darkness would have that
impulse. Light is magickal because when you are light you are peaceful
irregardless of what is going on outside of you. This is not RUSH and
most certainly is not Virginia Newbon, who is an addict and obsessed
about manipulating all things so that she is only then at peace. A
true peaceful person never needs power over anything.
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http://www.vivendi.com/vivendi/-accueil-en-
http://online.wsj.com/article/SB125486774936268987.html
Vivendi SA Is Accused of Misleading
By CHAD BRAY
France's Vivendi SA and its management repeatedly misled the public
about the company's financial health before a liquidity crisis in
2002, a lawyer for Vivendi shareholders said Tuesday.
In his opening statement in a class-action lawsuit against the
company, Arthur N. Abbey said Vivendi management portrayed the company
as financially healthy, but that internally, management was concerned
about potential liquidity problems. Mr. Abbey described the company as
"debt rich and cash poor."
He also said the company's publicly reported financial results were
bolstered through "accounting magic" and that executives failed to
tell the public the company wasn't producing enough cash to cover its
growing debt.
Paul C. Saunders, a lawyer for Vivendi, said the company had enough
cash and credit to pay its bills and never defaulted on a single
obligation. He said the company properly reported its financials as
required under accounting rules.
The suit alleges Vivendi, former Chief Executive Jean-Marie Messier
and Guillaume Hannezo, a former chief financial officer, made material
misrepresentations and omissions concerning the firm's liquidity
position. They have denied wrongdoing. |
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