Paris judge approves 10 million euro settlement with LVMH in spy case

FILE PHOTO: Bernard Arnault, Chief Executive Officer of LVMH Moet Hennessy Louis Vuitton SE, attends the company's shareholders meeting in Paris, France, April 18, 2019. REUTERS/Benoit Tessier/File Photo

PARIS (Reuters) - A Paris judge approved a 10 million euro ($11.27 million) settlement with LVMH on Friday that closes a criminal probe into the luxury group’s role in a spying case involving the former top boss of France’s security services.

With the agreement, the world's largest luxury group and owner of the Louis Vuitton and Dior fashion houses, avoids a public trial that could have aired details of work undertaken by former domestic intelligence services head Bernard Squarcini.