LVMH and Tiffany should talk to try to avoid litigation, judge urges
Judge Joseph Slights III rejected a request by the maker of Louis Vuitton bags to put off the case until well into 2021
22 September 2020 - 16:32
Tiffany persuaded a court to fast-track a lawsuit claiming that LVMH is relying on faulty legal pretexts to try to cancel a $16bn buyout, with the judge urging both sides to seek a settlement.
Delaware Chancery Court judge Joseph Slights III on Monday rejected a request by the maker of Louis Vuitton bags and Moet & Chandon Champagne that he put off the case until well into 2021. But the judge also denied the jewellery chain’s bid to have the matter decided before the deal’s November 24 closing date, setting a trial for January 5...
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