Conglom files racketeering suit against T-Mobile
Vivendi said Tuesday that it filed a racketeering suit against T-Mobile’s U.S. and German units, T-Mobile parent Deutsche Telekom and a Polish businessman — the latest twist in an ongoing dispute over Vivendi’s stake in a Polish telco.
The French conglom, parent of Universal Music and Canal Plus, alleges that Deutsche Telekom illegally appropriated Vivendi’s $2.5 billion investment in Polska Telefonia Cyfrowa. Zygmunt Solorz-Zak controls another Polish company, Elektrim, Vivendi’s partner in its PTC investment.
Vivendi filed the RICO complaint (Racketeer Influenced and Corrupt Organizations Act) in a Seattle federal court.
“Vivendi asks the court for a simple remedy: Give us back our money or our PTC shares,” said Vivendi chairman Jean Bernard Levy as the conglom held dueling press conferences in Gotham and Warsaw.
It’s not yet clear whether U.S. jurisdiction will be accepted and the case allowed to proceed.