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LVMHF - Tiffany-LVMH drama plays on to traders' delight
LVMH Moet Hennessy Louis Vuitton
LVMH (OTCPK:LVMHF) was in court today trying to block an attempt by Tiffany (TIF-0.9%) to fast-track legal proceedings in the U.S. aimed at forcing a merger. Attorneys for the French luxury goods giant argued that Tiffany hasn't shown good cause to jump into a full-blown trial and is rushing the process to avoid scrutiny over its pandemic response.
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