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Company News

Delaware judge fast-tracks Tiffany's case on $16 bln LVMH deal, setting January trial

NEW YORK, Sept 21 (Reuters) - A Delaware Chancery Court justice on Monday agreed to fast-track Tiffany & Co’s lawsuit against French luxury goods conglomerate LVMH for trying to back out of its $16 billion deal to acquire the U.S. jeweler.

Vice Chancellor Joseph Slights said he would set a four-day trial beginning Jan. 5, 2021, which is after the Nov. 24 “drop-dead” date for the biggest luxury merger deal to close but before antitrust approvals begin to expire. (Reporting by Jessica DiNapoli in New York and Tom Hals in Delaware; additional reporting by Melissa Fares; editing by Jonathan Oatis)

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