Hermes Accuses LVMH Of Insider Trading, Share Manipulation

Law360, New York (September 4, 2012, 8:55 PM EDT) -- Hermes International SCA revealed Tuesday that it has hit partial stakeholder LVMH Group with a reported insider trading and share manipulation lawsuit in Paris, with LVMH promising to file defamation and unfair competition counterclaims over the accusations. 

In a brief statement on Tuesday, Hermes said that the July complaint against LVMH "relates to the terms in which LVMH became a stakeholder in Hermes International."

Citing judicial sources, Agence-France Press reported on Tuesday that the claims involved insider trading, collusion and price manipulation and are still being...
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