Username  Password   Forget your password? | Contact Us
Current Cover

Daughter files new motion in L’Oreal dispute

Françoise Bettencourt Meyers, the daughter of L'Oréal heiress Liliane Bettencourt, filed a legal motion challenging "the influence of her mother's entourage," the Wall Street Journal reported. The mother and daughter had agreed to stop their legal battle six months ago, the Journal report noted.

The "entourage" was chosen as part of a December agreement between the 88-year-old Bettencourt and her daughter, the article said. It includes Bettencourt's lawyer and trustee, Pascal Wilheim, and a doctor and nurse.

The French newspaper Le Monde reported [June 8] that Ms. Meyers believes the entourage is preventing her from seeing her mother.
The motion could revive years of legal sparring over the aging billionaire's fortune and, ultimately, control of the French cosmetics company.....

The December agreement "reinforced family management of the 31% stake in L'Oréal and provided for assistance to Ms. Bettencourt," the Journal article said. Under that agreement, Meyers dropped motions requesting that the court mandate a guardian for her mother.

The Journal said that, according to "a person close to" Bettencourt, the heiress was "furious" about her daughter's latest legal move.

In a 2007 lawsuit, Meyers accused a celebrity photographer of bilking her mother. As part of the December agreement, the photographer returned all but 200 million euros (about $300 million) in gifts, the Journal reported. (Source: Wall Street Journal, June 9, 2011.)

Get the RSS Feed

Recent Posts

VW’s CFO faces challenges as scandal costs mount

Cargill to spin off and divide its Black River unit

Comcast to buy controlling stake in Universal Studios Japan

Wealthy families driving M&A in Europe

Hillerich & Bradsby files suit over share price

N.Y. Times analysis: VW’s board to blame for scandal

VW to name Porsche chief as CEO

AB InBev-SABMiller merger would create opportunity for Molson Coors

Santander announces plans to cut costs and strengthen capital

Axel Springer in talks to acquire Business Insider

Monthly Archives

September 2015

August 2015

July 2015

June 2015

May 2015

April 2015

March 2015

February 2015

January 2015

December 2014

November 2014

October 2014

September 2014

August 2014

July 2014

June 2014

May 2014

April 2014

March 2014

February 2014

January 2014

December 2013

November 2013

October 2013

September 2013

August 2013

July 2013

June 2013

May 2013

April 2013

March 2013

February 2013

January 2013

December 2012

November 2012

October 2012

September 2012

August 2012

July 2012

June 2012

May 2012

April 2012

March 2012

February 2012

January 2012

December 2011

November 2011

October 2011

September 2011

August 2011

July 2011

June 2011

May 2011

April 2011

March 2011

February 2011

January 2011

December 2010

November 2010

October 2010

September 2010

August 2010

July 2010

June 2010

May 2010

April 2010

March 2010

February 2010

January 2010

December 2009

November 2009

October 2009

September 2009

August 2009

July 2009

May 2009

Complete Archives

Family Business Publishing Company • 1845 Walnut Street • Suite 900 • Philadelphia, PA 19103 • (800) 637-4464