| COMPANY |
VimpelCom, Ltd. |
| COURT |
United States District Court for the Southern District of New York |
| CASE NUMBER |
15-cv-08672 |
| JUDGE |
Honorable Andrew L. Carter |
| CLASS PERIOD |
December 4, 2010 - November 3, 2015 |
| SECURITY TYPE |
All Securities |
Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired VimpelCom, Ltd. (“VimpelCom” or the “Company”) securities between December 4, 2010 and November 3, 2015, inclusive (the “Class Period”).
The complaint alleges, that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, VimpelCom failed to disclose that it was engaging in a massive undisclosed bribery scheme which eventually led the Company to plead guilty to multiple criminal acts and enter into a Deferred Prosecution agreement with the U.S. Department of Justice.
Current Status of Case:
On March 21, 2025, Defendants filed an Answer to the Complaint. This action is in the discovery phase and is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.