Overview

• The hearing begins 1 October at the Tribunal correctionnel de Paris and is slated to run about three weeks, with Naouri tried alongside three former executives, publisher Nicolas Miguet, and Casino Guichard Perrachon as a corporate defendant.
• Financial prosecutors allege an organized scheme from September 2018 to June 2019 that disseminated misleading information, including talk of a potential Carrefour bid, to support Casino’s share price.
• Nicolas Miguet is accused of using his outlets to influence retail investors under a consultancy worth roughly €800,000 without disclosing ties to Casino, and he faces charges of organized manipulation, passive private corruption, laundering, and insider trading.
• Naouri’s defense rejects the PNF’s interpretation, arguing the company hired professionals to counter what it calls virulent speculative attacks and saying he will seek acquittal.
• If convicted, the defendants face up to €500,000 in fines and ten years’ imprisonment, while the company says its 2024 takeover by Daniel Kretinsky marks a break from the past.