PARIS — Hermès International announced that it filed a complaint with a Paris court on July 10 against luxury conglomerate LVMH Moët Hennessy Louis Vuitton, which surprised markets two years ago by revealing it had accumulated a large percentage of Hermès stocks.
“This complaint concerns the terms of LVMH’s entry into the capital of Hermès International,” Hermès said in a two-line statement. The complaint accuses LVMH of insider trading and manipulating stock prices, according to sources familiar with the issue, who declined to be named for confidentiality reasons.
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