{"id":121480,"date":"2021-09-16T18:53:44","date_gmt":"2021-09-16T18:53:44","guid":{"rendered":"https:\/\/fin2me.com\/?p=121480"},"modified":"2021-09-16T18:53:44","modified_gmt":"2021-09-16T18:53:44","slug":"french-court-lowers-bloomberg-fine-over-hoax-vinci-statement-media-reports","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/french-court-lowers-bloomberg-fine-over-hoax-vinci-statement-media-reports\/","title":{"rendered":"French court lowers Bloomberg fine over hoax Vinci statement -media reports"},"content":{"rendered":"

PARIS (Reuters) – A French appeal court on Thursday upheld a ruling by France\u2019s markets watchdog AMF against U.S. news agency Bloomberg for publishing a hoax press release, French media reported, but lowered its fine to three million euros.<\/p>

FILE PHOTO: An exterior view of the Bloomberg building is seen in New York, November 7, 2013.REUTERS\/Eduardo Munoz<\/figcaption>

Bloomberg News was originally fined five million euros ($5.9 million) in December 2019 for publishing a hoax press release in November 2016 relating to construction group Vinci, which had filed a legal complaint to the AMF.<\/p>\n

The AMF said at the time that Bloomberg should have known the information in the hoax press release was false.<\/p>\n

\u201cOur journalists, among others, simply reported on what appeared to be newsworthy information and were the victims of a sophisticated hoax, the perpetrator of which has not yet been found,\u201d a Bloomberg spokesperson said after Thursday\u2019s ruling.<\/p>\n

\u201cWe hoped that the court would recognize the issues of press freedom at stake. We are disappointed the court has not overturned the original decision and will consider our options on appeal\u201d, they added.<\/p>\n

Vinci shares fell as much as 18% on Nov. 22, 2016 after the hoax statement, which said that the French group would revise its 2015 and 2016 accounts and fire its chief financial officer.<\/p>\n

The AMF had said it had taken action against Bloomberg because it had published the statement without verifying it.<\/p>\n

Vinci\u2019s share price recovered after the company denied the Bloomberg report and said that the statement was a hoax.<\/p>\n

The appeal court\u2019s ruling was not immediately available on its website or on the AMF\u2019s own site.<\/p>\n

($1 = 0.8504 euros)<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

PARIS (Reuters) – A French appeal court on Thursday upheld a ruling by France\u2019s markets watchdog AMF against U.S. news agency Bloomberg for publishing a […]<\/p>\n","protected":false},"author":3,"featured_media":121479,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nFrench court lowers Bloomberg fine over hoax Vinci statement -media reports - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/french-court-lowers-bloomberg-fine-over-hoax-vinci-statement-media-reports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"French court lowers Bloomberg fine over hoax Vinci statement -media reports - Fin2me\" \/>\n<meta property=\"og:description\" content=\"PARIS (Reuters) – A French appeal court on Thursday upheld a ruling by France\u2019s markets watchdog AMF against U.S. news agency Bloomberg for publishing a [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/french-court-lowers-bloomberg-fine-over-hoax-vinci-statement-media-reports\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-16T18:53:44+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/09\/French-court-lowers-Bloomberg-fine-over-hoax-Vinci-statement-media-reports.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/french-court-lowers-bloomberg-fine-over-hoax-vinci-statement-media-reports\/\",\"url\":\"https:\/\/fin2me.com\/markets\/french-court-lowers-bloomberg-fine-over-hoax-vinci-statement-media-reports\/\",\"name\":\"French court lowers Bloomberg fine over hoax Vinci statement -media reports - 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