Home Videos Photos
PerezHilton CocoPerez Met Gala Royal Baby Bruce Jenner PerezTV Contact Perez

All tag results for gerard rameix

Paris Prosecutors Investigate Hermes' Complaint Against LVMH

Hermes got their wish!

The Paris prosecutor's office has opened a preliminary investigation into LVMH, after the family-owned label accused them of insider trading, collusion and manipulating stock prices.

Based on their investigation, the prosecutors will either

Tags: , , , , , , ,

Permalink / Comments Off / Email this  »

LVMH Guilty Of "Wrongdoing" In Hermes Acquisition

Filed under: Legal MattersBusiness BlitzLVMHHermes

hermes-suing-lvmh-for-insider-trading.jpg

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.]

Tags: , , , , , ,

Permalink / Comments Off / Email this  »