By  on January 3, 2012

NEW YORK — The sexual discrimination lawsuit against Marc Jacobs president Robert Duffy by Patrice Lataillade, a former executive at the firm, has been settled.

Terms of the financial settlement were not disclosed.

According to lawyers at Vladeck, Waldman, Elias & Engelhard, who represented Lataillade, the lawsuit has been discontinued. They said the judge overseeing the case had signed off on the discontinuance last month.

A spokeswoman for LVMH Moët Hennessy Louis Vuitton, which is part owner of Marc Jacobs International, said the matter has been “resolved to the satisfaction of both parties.”

Lataillade was chief financial officer and chief operating officer of Marc Jacobs International and was let go in September 2010. The lawsuit was filed in early March in a New York state court in Manhattan. Also named as defendants in the suit were MJI and Louis Vuitton Moët Hennessy Inc. Designer Marc Jacobs was not named in the suit.

Lataillade said in court papers that he was “subjected to a discriminatory environment offensive to him” and was “fired in retaliation for objecting to that environment.”

An LVMH spokeswoman said at the time, “The allegations contained in the complaint are false. Patrice Lataillade was terminated as chief financial officer and chief operating officer of MJI for serious matters unrelated to the allegations contained in the complaint.”

According to court papers, Lataillade at the time of his discharge had a compensation package of $1 million a year. He was seeking lost wages, compensatory and punitive damages, reasonable attorneys’ fees and costs and other relief deemed appropriate by the court.

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