VEON ($VEON) $19.97M Investor Settlement
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.
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.
Frequently Asked Questions
All persons and entities who purchased VEON Ltd. f/k/a VimpelCom Ltd. American Depositary Shares (“ADSs”) between June 30, 2011 and November 3, 2015, inclusive, and held those shares at least until March 12, 2014.
No, if you have purchased securities within the class period, you are eligible to participate.
You can participate in the settlement and retain (or sell) your securities.
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
The final payout amount depends on your specific trades and the number of investors participating in the settlement.
If 100% of investors file their claims - the average payout will be $0.069 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $0.276 per share.
If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.
11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:
Prepare documents for your payout.
Audit the claim and make sure you get the maximum possible payout.
File a claim with the settlement administration.
Correspond with the settlement administration to resolve emerging issues.
Deliver payout directly to your brokerage account.
There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.