Rallye and Casino File Criminal Complaint for 'Price Manipulation'
25 October 2018 - 7:39PM
Dow Jones News
By Olivia Bugault
Casino Guichard-Perrachon SA (CO.FR) and its parent company
Rallye SA (RAL.FR) said Thursday they have jointly filed a criminal
complaint following what they called attacks and misinformation
that hurt their share prices.
"For several months now, Rallye and Casino have been the subject
of violent attacks and misinformation campaigns orchestrated
notably by hedge funds in order to artificially reduce the value of
their shares and destabilize the companies, their employees and
shareholders," the companies said.
Casino has previously complained of being the subject of
"speculative manipulation," with its share price down about 23%
since the beginning of the year.
The complaint, filed with the financial public prosecutor, is
for "price manipulation, dissemination of false or misleading
information, and insider trading," the companies said.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
October 25, 2018 04:24 ET (08:24 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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