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Hermes, the select handbag and scarf maker, accused luxury conglomerate LVMH of carrying out the “most important fraud in the history of the French stock market” in a court filing, as quoted in a local newspaper today.The two companies have been locked in a bitter feud ever since LVMH, which owns Louis Vuitton and dozens of other luxury brands, revealed that it had secretly built up a 17 per cent stake in the familydominated Hermes.LVMH, led by tycoon Bernard Arnault, later built this holding up to 22.6 per cent prompting Hermes to cry foul and accuse Mr Arnault of surreptitiously trying to add Hermes to his large stable of brands.In its accusation at a French sac louis vuitton pas cher business court, Hermes accuses LVMH of using highly complex financial instruments set up by top French banks that enabled it to conceal its buying sac louis vuitton pas cher spree from French regulators.Hermes demands that LVMH sell back the stock to the three banks Societe Generale, Natixis and Credit Agricole which are themselves accused in court of acting as defacto fronts for the alleged takeover attempt.The courtroom battle is the latest in a barrage of legal proceedings launched by Hermes against LVMH, whose spokesman told sac louis vuitton pas cher the French newspaper that the accusations by Hermes were unfounded and part of wider slander campaign.