LVMH, a French luxury goods group, is pressing ahead with a claim for more than €100m ($128m) in damages against Morgan Stanley, despite repaying a previous €30m court settlement to the bank last week.

The company was forced to return the money after the Paris appeal court rejected a January 2004 ruling of bias against it in the US bank's research. A spokeswoman for LVMH said its lawyers had submitted the €100m claim for defamation to adjudicators at the Paris appeal court, who are determining the final damages tally to be paid by Morgan Stanley.