Law Daily Report

LVMH, Tiffany due in US court in 2021

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 86%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

Tiffany vows to show to the court that 'LVMH is in clear breach of its obligations,' while LVMH says it is 'fully confident that it will be able to defeat Tiffany's accusations.'

A United States court is to hear a lawsuit by jeweler Tiffany against French luxury giant LVMH in January, but Bloomberg news agency reported that the two sides have been urged to try and patch things up before then.

LVMH said it had learned of a letter from French Foreign Minister Jean-Yves Le Drian directing it to defer the deal in reaction to Washington's threat to levy taxes on French products. Bloomberg quoted the judge at the Delaware court as saying that both companies should weigh whether to hold"productive conversations to avoid litigation."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump to reveal SC pick by Saturday in bid to fill seat before electionWASHINGTON — President Donald Trump raced on Monday to cement a conservative majority on the US Supreme Court before the Nov. 3 election, telling reporters he planned by Saturday to reveal his
Source: inquirerdotnet - 🏆 3. / 86 Read more »