ATLANTA, GA–(Marketwire -01/06/12)- Holzer Holzer & Fistel, LLC announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of purchasers of Veolia Environnement S.A. (“Veolia” or the “Company”) (NYSE: VE – News) common stock who purchased shares between February 5, 2008 and August 4, 2011, inclusive (the “Class Period”). The lawsuit alleges, among other things, that Veolia materially overstated its financial results by engaging in improper accounting practices. Further, the lawsuit alleges the Company lacked adequate internal controls and was therefore unable to ascertain its true financial condition during the Class Period. On August 4, 2011, Veolia announced that its prior financial reports for fiscal years 2007-2010 were overstated by at least EUR 90 million due to fraud at the Company’s Marine Services business.
If you purchased Veolia common stock during the Class Period, you have the legal right to petition the Court to be appointed a “lead plaintiff.” A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than February 27, 2012. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you are a Veolia investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at [email protected], or [email protected], or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm.