French luxury goods giant LVMH on Tuesday confirmed it is seeking up to $100 million in damages from Morgan Stanley amid allegations the US bank published unfair stock analysis. The suit, which was filed in Paris earlier this month, claims Morgan Stanley's research on the world's largest luxury retailer was biased due to its close investment banking relationship with major rival Gucci Group NV.
FRANCE: LVMH Files $100m Suit Against Morgan Stanley
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