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| | LVMH Ruling For The Classes, Not Masses - Forbes.com (Site not responding. Last check: 2007-10-09) |
 | | Additionally, LVMH alleged Morgan Stanley tried to manipulate LVMH's stock price, and that it did so partly to curry favor with Gucci Group (nyse: GUC - news - people), arch rival of LVMH, which was also a Morgan Stanley investment banking client. |
 | | LVMH says Morgan Stanley's conduct is similar to that which has drawn criticism in the U.S. and which led to a global $1.4 billion settlement between the top Wall Street banks, the New York attorney general, and the U.S. Securities and Exchange Commission. |
 | | In this case, the court found the analyst statements--concerning the impending downgrade of LVMH's credit rating, the supposed "maturity" of its Louis Vuitton brand, the assertion that LVMH's management destroyed shareholder value, and the presentation of the bank's conflicts of interest--to be specific and factually erroneous. |
| www.forbes.com /2004/01/12/cx_da_0112lvmh.html (644 words) |
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