Agefi CEO loses lawsuit and reduces stake
The Federal Supreme Court dismissed an appeal filed by the Agefi publishing house and its CEO, Alain Fabarez. They had considered themselves victims of a media campaign.
The Federal Supreme Court has rejected an appeal by the publishing house Agefi and its CEO
Alain Fabarez dismissed. They saw themselves as victims of a press campaign in Le Temps, Bilan and Tribune de Genève and sued for unfair competition and personal injury. Because the articles in question, which appeared between January and April 2004, allegedly caused the Agefi share price to plummet, the plaintiffs demanded several million francs in damages. In May, the Geneva cantonal court had already rejected the claim.
rejected. The arguments with which the Federal Supreme Court has now followed this
is not clear from a report in Le Temps on Friday.
The newspaper itself affected by the lawsuit, on the other hand, notes that the
25,000 Swiss francs court fees and 30,000 Swiss francs
have to pay party compensation. Irrespective of this
court ruling, Agefi issued two press releases on Thursday
published: On the one hand, Alain Fabarez has sold his stake in the
company from 38.2 % to less than 20 %. The shares are held by
taken over by several individual investors. On the other hand, the
Board of Directors that the business objectives set at the Annual General Meeting
presented in May did not materialize due to the advertising slump.
could be complied with.
Alain Fabarez dismissed. They saw themselves as victims of a press campaign in Le Temps, Bilan and Tribune de Genève and sued for unfair competition and personal injury. Because the articles in question, which appeared between January and April 2004, allegedly caused the Agefi share price to plummet, the plaintiffs demanded several million francs in damages. In May, the Geneva cantonal court had already rejected the claim.
rejected. The arguments with which the Federal Supreme Court has now followed this
is not clear from a report in Le Temps on Friday.
The newspaper itself affected by the lawsuit, on the other hand, notes that the
25,000 Swiss francs court fees and 30,000 Swiss francs
have to pay party compensation. Irrespective of this
court ruling, Agefi issued two press releases on Thursday
published: On the one hand, Alain Fabarez has sold his stake in the
company from 38.2 % to less than 20 %. The shares are held by
taken over by several individual investors. On the other hand, the
Board of Directors that the business objectives set at the Annual General Meeting
presented in May did not materialize due to the advertising slump.
could be complied with.
