Hermes Sues Louis Vuitton Group for Insider Trading

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Hermes and LVMH just can't seem to get along. Hermes has announced that they've taken legal action against the LV group.Long story short, Hermes is accusing LVMH of engaging in insider trading and manipulating stock prices, reports WWD. LVMH, who currently owns 22.3 percent in Hermes and now has 16 percent of the voting rights, declined to comment on the scandalous accusations. Hermes won last year's battle with LVMH, but they're set to return to court again this year.

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