Advertisement
New Zealand markets closed
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NZD/USD

    0.5984
    +0.0009 (+0.14%)
     
  • NZD/EUR

    0.5541
    +0.0008 (+0.14%)
     
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD

    2,254.80
    +16.40 (+0.73%)
     
  • NASDAQ

    18,254.69
    -26.15 (-0.14%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,807.37
    +47.29 (+0.12%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     
  • NZD/JPY

    90.4680
    +0.0750 (+0.08%)
     

Judge Fast-Tracks Tiffany Lawsuit Against LVMH

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.