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A French court has fined the chairman and chief executive of Warner Music Group, Edgar Bronfman Jr, 5m euros ($6.7m; £4.2m).
The fine relates to insider trading when he was a leading executive at Vivendi. He had denied wrongdoing.
He was given a 15-month suspended sentence as well as the fine.
The court also gave Vivendi's ex-boss Jean-Marie Messier a three-year suspended jail term for his part in the scandal.
Bronfman's lawyer Thierry Marembert said his client would appeal against the decision and "continue to vigorously defend against this charge".
Messier was ousted from Vivendi, where he had been chairman and chief executive, in 2002 after he gave upbeat reports of the group's finances when it was actually 35bn euros in debt. more here
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