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Investor Class Action Filed Against VimpelCom, Ltd for Securities Fraud Violations
Company Name: VimpelCom, Ltd.
Court: United States District Court for the Southern District of New York
Case Number: 15-cv-08672
Judge: The Hon. Andrew L. Carter
Class period: Between December 4, 2010 and November 3, 2015
Security Type: Securities

Case Background:

On November 4, 2015, the initial complaint in this securities class action was filed against VimpelCom, Ltd. (“VimpelCom” or the “Company”) and certain of VimpelCom’s directors and officers, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act.  This action is being brought on behalf of a proposed class of all persons or entities that purchased VimpelCom securities between December 4, 2010 and November 3, 2015 inclusive (the “Class Period”). Lead Plaintiff 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 April 14, 2020, Lead Plaintiff filed a Second Amended Class Action Complaint.  Defendants moved to dismiss the amended complaint on May 15, 2020. Defendant’s Motion to Dismiss is fully briefed and pending before the Court. This action is still ongoing. 

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.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087 1-844-887-9500 (toll free) or 1-610-667-7706
Or by e-mail at info@ktmc.com

Please complete this form and list your purchase and sale transaction(s) for VimpelCom, Ltd (NYSE: VIP) publicly traded securities from December 4, 2010 and November 3, 2015, both dates inclusive (the “Class Period”):

You may also contact James Maro, Jr., Esq. or Adrienne Bell, Esq. at 610.667.7706 or toll free at 844.887.9500, or you may submit your information via email at info@ktmc.com, or you may click here to print a PDF of this form.

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# of Shares
Price per Share
 
 
 
Principal Amount
Amount Paid
Series or CUSIP
 
 
 
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of VimpelCom, Ltd prior to the Class Period?
Are you a current or former employee of VimpelCom, Ltd?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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