Monday, September 21, 2020

"Ex-Campari chief accused of spilling Grand Marnier deal to friend "

From the New York Post:
The apertif for this dinner was allegedly a hot investment tip.

French authorities have accused a former Campari Group honcho of telling his friend over dinner about the company’s impending takeover of rival booze maker Grand Marnier, a report says.

Ex-Campari CEO Marco Perelli-Cippo allegedly spilled the news to his pal, Davide Blei, at a meal on March 1, 2016 — just weeks before his company revealed it was acquiring the famed cognac brand, according to Bloomberg News.

The accusations have been lodged by officials at the Autorité des Marchés Financiers, France’s stock market regulator, who say Blei opened a securities account just to buy Grand Marnier shares the day after dining with Perelli-Cippo, the news service reported Friday.

Blei reportedly earned 34,000 euros, or $40,300, thanks to the tie-up, which was announced in mid-March 2016. But his lawyer, Romuald Cohana, called the regulators’ theory of the case “absurd.”

“It is just not possible that Mr. [Perelli-Cippo] asked his friend for 50 years to come over [to] his house just to tell him that a takeover bid would occur soon and invest only 50 thousand euros,” Cohana, a partner at the Sharp law firm, told The Post in an email....

That is not the argument you want your avocat to make: "Yes my client is a larcenous bastard but when he goes he goes large by large."
Also, should have had a Dubonnet.