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LVMH Guilty Of "Wrongdoing" In Hermes Acquisition

Filed under: Legal MattersBusiness BlitzLVMHHermes

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So they were guilty after all!

Hermes scored a small victory this week in their ongoing legal battle royal with LVMH .

After requesting an inquiry into how LVMH acquired their 22.3% stake in the company, the French market watchdog Autorite des Marches Financiers concluded the mega-luxury brand was guilty of "wrongdoing".

The specifics were not released, but AMF chairman, Gérard Rameix, did say a committee will examine the findings to decide how to deal with LVMH, which may include financial penalties.

A French court also asked AMF's opinion on LVMH's counter-suit that accuses Hermes of blackmail, slander and illegal competition.

Until the two meet again, we’re sure their high-priced attorneys will continue to do battle.

This is certainly getting very inneresting!

[Image via Retna LTD.]

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Rebecca Black Doesn't Need To Charge People To Watch Friday! She's Already Made Six Figures!

rebecca black made six figures from friday

No wonder she's willing to take Friday off of YouTube! She's ALREADY make six-figures from the video!

Earlier today, we reported on all the dramz going on between Rebecca Black and Ark Music Factory (AMF).

As a quick recap, Black forced AMF to take down her video because she wasn't pleased that they were trying to charge a $2.99 rental fee to view it, and now Ark is pret-ty unhappy with her.

We've also learned that Black has

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Rebecca Black Vs. Ark Music Factory

rebecca black vs ark music factory

Last week, we were devastated to learn that Rebecca Black's Friday video had been taken down from YouTube due to dramz between Team Black and Ark Music Factory (AMF).

Apparently, Ark wanted to make the video a $2.99 rental, but Black was NOT feeling it, so she had the video taken down.

Looks like AMF is NOT happy about all of this, and they're saying that they were blindsided by Black's demand that the video be taken down, without talking it out with them first.

Here's what an Ark rep had to say about it:

"We’re disappointed, having been in good faith negotiations with Rebecca Black and her representatives for months regarding any open issues."

"There’s been an ongoing, open dialogue with our company. So we were blindsided to get a Take Down Notice, with no notice, alleging copyright infringement instead of a call or email from Rebecca’s representatives."

"We are going to continue to take the high road and work out the complaint as soon as possible."

The video is STILL down, so it appears that they haven't worked anything out yet. Ah well…we've still got the video for you HERE!

Who do U side with? Team Black or Team Ark?

[Image via WENN.]

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