Lawsuits

Business

LVMH Somehow Manages to Increase Stake in Hermès

Well this is unexpected. LVMH was recently fined $10.4 million over the way in which it acquired a 17% stake in Hermès (Hermès alleges LVMH came by the shares unlawfully, LVMH said they acquired the shares "unexpectedly"). In addition to appealing that decision, LVMH filed a lawsuit against an Hermes manager, most likely for alleging publicly that LVMH had come into its stake in Hermès in fraudulent ways. At the time, LVMH had a 22.6% stake in Hermès. Now, LVMH has a 23.1% stake.

Business

Michael Kors Sues Costco

In April of this year, Costco sent out an email blast advertising deals on "Designer Handbags," which featured a photo of a Michael Michael Kors purse. The only problem is, Costco isn't an authorized dealer of Michael Kors products--so, needless to say, Kors's people were none too pleased to see the bag pop up in their advertising. Now Kors is suing the retailer.

Business

LVMH Wants Investigation Into Hermes Case Annulled

In case you couldn't tell, LVMH is not exactly over the moon about the lawsuit being brought against it by Hermes, or the investigation launched by French market authority AMF into how it became a major shareholder in the French luxury brand. Not much has come of the case yet aside from both sides launching accusations at one another, until today.

Careers

Charlie Rose To Pay $250,000 To Former Interns To Settle Lawsuit Over Unpaid Wages: What Does It Mean for the Hearst Lawsuit?

Yesterday Charlie Rose and his production company shelled out $250,000 to a group of former interns to settle a class-action lawsuit over unpaid wages. It's a scenario that should sound familiar to those of us in the fashion media world. The suit is not unlike the one former Harper's Bazaar intern Diana Wang is bringing against Hearst--only Wang's is on a much bigger scale. "I'd go as far as to say this case will likely influence settlement talks in the Hearst suit," Elie Mystal, our legal expert over at our brother site Above the Law told us.

Business

The Gloves Come Off: Tory Burch Files Counterclaims Against Chris Burch

And the battle of the exes continues. Last month, Chris Burch filed suit against ex-wife and business partner Tory Burch, claiming breach of contract and tortious interference. Now, Tory Burch is firing back. The designer filed answer and counterclaims to Chris' suit this morning, WWD is reporting. She also outlined how Chris Burch allegedly ripped off the Tory Burch brand for his new venture, C.Wonder.