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Edgar Bronfman Jr. Convicted Of Misleading Investors



PARIS — A French court, in a surprise ruling, on Friday convicted and fined Warner Music Group chairman and CEO Edgar Bronfman Jr. for insider trading and former high-flying Vivendi CEO Jean-Marie Messier for misusing company funds and misleading investors. Bronfman, a former executive vice president of Vivendi Universal, was fined euro5 million ($6.7 million) and given a 15-month suspended sentence for insider trading around the Vivendi media conglomerate when he was a top executive there.
Warner Music Group CEO Edgar Bronfman Jr. Convicted Of Misleading Investors

Edgar Bronfman, Jr. - Wikipedia, the free encyclopedia

At the height of file sharing service Napster’s popularity, Bronfman was a leading opponent of the illegal use of peer-to-peer technology. As CEO of Universal, he helped lead the music industry's opposition to Napster, likening it to slavery and Soviet communism.