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CGUSY Casino Guichard Perrachon SA (CE)

0.10
0.00 (0.00%)
18 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Casino Guichard Perrachon SA (CE) USOTC:CGUSY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0.10 0.00 01:00:00

Rallye and Casino File Criminal Complaint for 'Price Manipulation'

25/10/2018 9:39am

Dow Jones News


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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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