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VEON.US
id: 1833
VEON ($VEON) $19.97M Investor Settlement
Eligible claimants can submit their claims for compensation.
$19,970,000
Cash SettlementS.D. New York
Court1:15-cv-08672
Case number06/30/2011
Class period Start11/03/2015
Class period End04/28/2026
Claim deadlineVEON, formerly VimpelCom, has agreed to settle $19.97 million with investors to resolve claims that the company misled them about improper payments tied to its telecom business in Uzbekistan, and the resulting regulatory and legal exposure.
Outline:
VEON (then VimpelCom) allegedly concealed improper third-party payments tied to entering the Uzbekistan telecom market and the related legal and regulatory risks. After the company later disclosed investigations and potential exposure, investors say the stock fell, and they sued. In December 2025, VEON agreed to settle for $19.97M.
Timeline
- March 12, 2014: VEON discloses investigations by the SEC and Dutch authorities related to its Uzbekistan operations.
- March 18, 2014: VEON discloses it is also under DOJ investigation tied to Uzbekistan.
- November 3, 2015: VEON announces it set aside approximately $900M for related litigation costs.
- December 23, 2025: VEON agrees to a $19.97M settlement to resolve the investor lawsuit.
- April 28, 2026: Deadline to submit claims for the settlement.
Background:
VEON is a global telecommunications company that operated under the name VimpelCom during the relevant period and maintained significant business interests in emerging markets, including Uzbekistan.
Investors allege VEON’s public statements and filings were misleading because they did not fully disclose that the company’s access to the Uzbekistan telecom market was allegedly supported by improper payments made through a third-party entity connected to a politically exposed individual.
As authorities began investigating VEON’s Uzbekistan-related conduct, the company disclosed probes by regulators and law enforcement and discussed potential financial impact. Investors claim these disclosures revealed risks that were not properly disclosed earlier and contributed to declines in the company’s securities, leading shareholders to sue.
What Can Investors Expect Now?
VEON, formerly VimpelCom, has agreed to settle $19.97 million with investors to resolve claims that the company misled them about improper payments tied to its telecom business in Uzbekistan, and the resulting regulatory and legal exposure.
If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section.
Case Type
US Securities Class Action
Case Status
Accepting Claims
Alleged Offence
Misleading Statements,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Depository Securities (ADS, ADR, GDR)
Trade Direction
Long
Payout per Share
0.069
Filing date
11/03/2015
Plaintiffs
Charles Kux-Kardos
Attorneys
Rosen Law Firm
Defendants
Jean-Yves Charlier, Jo Lunder, Alexander Izosimov, Andrew Davies, Cornelis Hendrik van Dalen
Administrator
Strategic Claims Services
Court hearing date
05/18/2026
Exclusion deadline
04/28/2026
Objection deadline
04/28/2026
Attorney fee
$6,780,010
Trades matching type
FIFO
Frequently Asked Questions
Who is eligible for this settlement?
Do I have to sell securities to be eligible?
How long does the payout process take?
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