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.)



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