AMTD Group Initiates Legal Action Against Former Employee for Serious Defamation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: PRnewswire
- Legal Action Initiated: AMTD IDEA Group has filed a lawsuit against former employee Benjamin Eymere for serious defamation and malicious harassment of staff, demonstrating the company's strong commitment to protecting its reputation.
- Employee Termination Context: Eymere was dismissed due to management errors and misconduct, and his attempts to appeal in Paris courts have been repeatedly rejected, reflecting the company's strict approach to internal issues.
- Brand Reputation Protection: AMTD is taking legal measures to correct Eymere's false claims regarding L'Officiel and AMTD IDEA in social media and press, aiming to safeguard its brand image and prevent further reputational damage.
- Financial Status Statement: AMTD emphasizes that since acquiring L'Officiel in 2022, the brand has not incurred debt and is financially strong, showcasing the company's ability to successfully integrate and manage assets post-acquisition.
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About AMTD
AMTD IDEA Group, formerly AMTD International Inc, is an investment holding company principally engaged in the strategic investments. The Company operates its business through three segments. The Strategic Investment segment engages in proprietary investments and the management of investment portfolios mainly focusing on financial services and asset classes. The Investment Banking segment is involved in raising funds through equity and debt financing, providing underwriting for initial public offerings (IPOs), private placements and debt issuances and providing financial advisory services. The Asset Management segment provides asset management products and services, including in relation to listed equities, fixed income securities, hedge funds, structured products, foreign exchange, private equities, alternative investments, discretionary account services, investment advisory services and external asset management services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
