LVMHF - Tiffany-LVMH legal battle gets uglier with new claims

Tiffany (TIF) is out with a response to what it calls misleading counterclaims finally filed yesterday by LVMH Moët Hennessy-Louis Vuitton SE (LVMHF). "LVMH’s specious arguments are yet another blatant attempt to evade its contractual obligation to pay the agreed-upon price for Tiffany. Tiffany has acted in full compliance with the Merger Agreement, and we are confident the Court will agree at trial and require specific performance by LVMH. Had LVMH actually believed the allegations made in its complaint, there would have been no need for LVMH to procure the letter from the French Foreign Minister as an excuse for its refusal to close."Tiffany says more evidence of LVMH’s bad faith continues to come to light nad notes that it was not at risk of breaching debt covenants.TIF -0.69% premarket to $115.90.Source: Press ReleaseCatch up on the Tiffany-LVMH legal battle.

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Tiffany-LVMH legal battle gets uglier with new claims