LVMH seeks €100 million in damages from Morgan Stanley
03/07/2006
The Paris Court of Appeal has upheld the position of French luxury goods company LVMH Moet Hennessy Louis Vuitton SA in a case against Morgan Stanley claiming that the British-registered bank published biased research. However, the French court overturned the lower court's findings in 2004 that the bias was the result of intentional bias, designed to harm one of Morgan Stanley’s client's rivals.
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