Tiffany & Co filed a lawsuit in the State of Delaware against LVMH for its failure to comply with the terms of the merger. LVMH, in violation of the agreement, has so far not filed formal requests for approval of the transaction with the competition authorities of the European Union and other jurisdictions, due to which the closing date was extended until November 24, and the transaction itself may not take place. Tiffany requires that LVMH be obliged to fulfil its obligations and close the transaction on the agreed terms.