#USA #New York #AMTD Group #L'OFFICIEL #Jalou Family

AMTD Group Takes Legal Stand Against Defamation

In a bold move to protect its reputation and rectify false allegations, AMTD Group Inc. has initiated legal proceedings against Mr. Benjamin Eymere, a member of the Jalou Family. This lawsuit highlights serious claims of defamation, malicious falsehood, and consequential damages that arise following recent public statements that AMTD categorically denies.

Mr. Eymere, who previously held a position with AMTD's subsidiary, was dismissed due to misconduct and mismanagement. Despite his attempt to appeal this dismissal in the Paris Court, his claims have been consistently rejected. Following these events, the company has grown increasingly concerned about Mr. Eymere's ongoing actions, which they describe as involving bad faith and harassment directed toward AMTD's personnel and leadership.

The crux of the litigation revolves around addressing what AMTD asserts are unfounded allegations that have emerged in various press articles and social media. The company's reputation as a tastemaker and facilitator of luxury lifestyle brands, primarily through its ownership of L'Officiel, could be at risk due to these misleading narratives.

Detailing the Allegations

In their public statements, AMTD Group has specified several inaccuracies that they hope to clarify through their legal action:
1. Acquisition Clarity: AMTD emphasized that their acquisition of L'Officiel in 2022 was completed in full accordance with agreed terms, wherein they purchased 100% ownership from Gem Global Yield LLC, NOT the Jalou family. This acquisition marks a pivotal moment in AMTD's strategy to secure its foothold in the media and luxury sectors.
2. Financial Resilience: Contrary to the insinuations made by the Jalou family, AMTD affirms that since the acquisition, L'Officiel has thrived without incurring debts or liabilities, establishing a robust financial standing which contradicts claims of fiscal irresponsibility.
3. Misrepresentation of Ownership: AMTD has clarified that the Jalou family has never been the controlling shareholder when the acquisition took place, solidifying their position in the ongoing case against Mr. Eymere.

A Commitment to Justice

AMTD Group's management has reiterated their firm belief in the justice system, expressing confidence that through this lawsuit, they will not only defend themselves but also seek public correction of the damaging narratives that have permeated media outlets. They underscore their commitment to pursuing legal measures against any individual or entity that attempts to inflict undue harm on their corporate identity.

The company has also made formal reports to the appropriate authorities, signaling the seriousness with which they are taking these allegations.

The Broader Implications for AMTD Group

With interests spanning media, entertainment, and premium asset management, AMTD Group is leveraging this opportunity not just to protect but to reinforce its corporate principles and commitment to ethical business practices. By addressing these allegations head-on, they aim to assure stakeholders of their unwavering integrity and business acumen.

Looking Ahead

AMTD Group aims to navigate the complexities of this litigation while continuing to grow its operations and enhance its institutional credibility. As the legal proceedings unfold, the company remains optimistic regarding restoring its reputation and securing the necessary justice against what they deem as unsubstantiated attacks. Through decisive legal action, AMTD Group stands firm in its belief that accountability and transparency will ultimately prevail, reaffirming their ethos as a leader in the luxury and brand representation sectors.

In summary, this lawsuit serves as an important reminder of the imperative to uphold accuracy and truth in public discourse, particularly for companies operating in industries where reputation is paramount. As AMTD Group ventures forward, it not only seeks to defend its legacy but also to set a precedent for accountability in the corporate world.