Partner Eric Cafritz quoted, <i>International Financial Law Review</i>,

Partner Eric Cafritz quoted, International Financial Law Review, "French Court Turns to Punitive Damages"

An article in the February International Financial Law Review entitled "French Court Turns to Punitive Damages" discusses "[t]he decision of the French Commercial Court to award Ç30 million ($37.5 million) to luxury goods company LVMH in its case against Morgan Stanley [which] marks a shift towards US-style punitive damages," according to French lawyers. "Says Eric Cafritz, head of Fried Frank Harris Shriver & Jacobson [LLP]'s Paris office: 'This is not meant to make LVMH feel better. It is meant to punish Morgan Stanley....If a client asked me: 'Can you get punitive damages in France?' I would now have to say yes.'"