Veolia Environnement (Paris:VIE) announces the dismissal of the
purported class action lawsuit filed against the company and certain of
its current and former officers in the United States District Court for
the Southern District of New York.
In a letter addressed to the Court on May 25, 2012, counsel for the lead
plaintiffs informed the Court that, after careful consideration of the
facts and circumstances involved, the lead plaintiffs have determined to
voluntarily dismiss the action. Judge Victor Marrero subsequently signed
an order dismissing the case.
The lawsuit was originally filed in December 28, 2011, and it was
subsequently consolidated with a second lawsuit filed on January 13,
2012. The dismissal covers the consolidated lawsuit, and therefore
covers both of the lawsuits that were initially filed.
Veolia Environnement (Paris Euronext: VIE and NYSE: VE) is the
worldwide reference in environmental solutions. With more than 330,000
employees the company has operations all around the world and provides
tailored solutions to meet the needs of municipal and industrial
customers in four complementary segments: water management, waste
management, energy management and passenger transportation. Veolia
Environnement recorded revenue of €29.6 billion* in 2011. www.veolia.com
* Excluding VeoliaTransdev revenues currently under divestment