Enter multiple symbols separated by commas

Warner Music CEO Questioned in Vivendi Insider Tading Probe: Report

Warner Music chief executive Edgar Bronfman Jr. was questioned by a Paris court last week as part of an inquiry into alleged insider trading at Vivendi Universal (now Vivendi) in 2002, French daily Les Echos reported, citing sources close to the matter.

Warner's Bronfman Jr., formerly a board director at Vivendi Universal, was questioned for more than ten hours last Thursday, regarding the sale of Vivendi shares at the start of 2002, the sources told the paper.

Not long after Bronfman Jr sold his shares, Vivendi launched a share buyback program which was expected to be followed by a sharp drop in the share price, Les Echos said.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Quality stocks everyone hates

    Former U.S. Marines Corps Captain Wes Grey of Alpha Architect, shares his strategy to find cheap, high quality stocks.

  • Trader on rate hike: Bring it!

    The FMHR traders discuss strategy going in to a Federal Reserve rate hike.

  • Challenges for an NBA owner

    Joe Lacob bought the Golden State Warriors in 2010 for $450 million, and discussed the similarities between building a startup as well as an NBA team, with CNBC's Josh Lipton.