Former Vivendi execs face charges
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Warner Music Group Corp. Chairman and Chief Executive Edgar Bronfman Jr. faces preliminary charges of insider trading in France as part of a probe into alleged wrongdoing at French media and telecom group Vivendi , judicial officials said.
Bronfman, former executive vice chairman of Vivendi, is suspected of insider trading in connection with a sale of Vivendi shares in January 2000, the officials said, speaking on condition of anonymity because the investigation is ongoing.
Bronfman’s lawyer said his client “has cooperated fully with French inquiries” and has not violated any French laws.
Several other former Vivendi executives, including ex-Chairman Jean-Marie Messier, also face preliminary charges as part of the investigation.
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