Judge Fast-Tracks Tiffany Lawsuit Against LVMH
On Monday, a judge fast-tracked Tiffany & Co.'s (NYSE: TIF) lawsuit against LVMH Moet Hennessy Louis Vuitton (OTC: LVMUY) over the quickly crumbling $16 billion merger agreement between the two, but neither side got all of what they wanted: The judge recommended they negotiate a settlement before the Jan. 5 trial date. LVMH has not officially scuttled the merger, but rather said it was going to honor the French government's request to hold off on closing until after the new year due to possible upcoming U.S. tariffs on French goods.
