Veolia Environnement (ADR) Investor files Class Action Lawsuit over alleged Securities Laws Violations

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A lawsuit was filed for investors in Veolia Environnement (ADR) (NYSE:VE) over alleged securities laws violations. Deadline: February 24, 2012 and NYSE:VE stockholders should contact the Shareholders Foundation.

San Diego, CA, United States., January 16, 2012 - (PressReleasePoint) - An investor in shares of  Veolia Environnement (ADR) (NYSE:VE) filed a lawsuit in the U.S. District Court for the Southern District of New York against Veolia Environnement S.A. over alleged Violations of Federal Securities Laws.
 
Those who purchased shares of Veolia Environnement (ADR) (NYSE: VE) between April 27, 2007 and August 4, 2011, may have certain options and there are short and strict deadlines running. Deadline: Feb. 24, 2012. NYSE VE ADR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
 
According to the complaint the plaintiff alleges on behalf of purchasers of Veolia Environnement S.A. American Depositary Shares ("ADSs") during the period between April 27, 2007 and August 4, 2011, that Veolia Environnement S.A. certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing allegedly materially false and misleading statements regarding the its business and prospects.
 
Veolia Environnement’s annual Revenue rose from $31.57billion for 2007 to $34.78billion in 2010, however its Net Income fell from $927.90million in 07 to $581.10million for 2010. Additionally, despite that Veolia Environnement’s 6months Revenue rose from $14.10billion ending for a 6months period on June 30, 2010 to $16.28billion ending for a 6months period ending on June 30, 2011, its Net Income for the same time periods turned from a Net Income of $374.20million into a Net Loss of $67.20million.
 
On August 4, 2011, Veolia Environnement announced its half year results, for the period ended June 30, 2011.
 
Shares of Veolia Environnement (ADR) (NYSE:VE) fell from over $33 per share in April to recently slightly above $10 per share.
 
Those who purchased shares of Veolia Environnement (ADR) (NYSE: VE) between April 27, 2007 and August 4, 2011, may have certain options and there are short and strict deadlines running. Deadline: Feb. 24, 2012. NYSE VE ADR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.