Arnaud Lagardere, chief executive officer of Lagardere SCA (MMB), lost a human rights court bid for 15 million euros ($19.7 million) over a French case involving his late father that dates back to 1992.
While the European Court of Human Rights in Strasbourg, France, said the French state had violated Lagardere’s right to a fair hearing, it ruled he hadn’t been able to establish a direct link between the breach and the damages he claimed. The court, which enforces the European Convention on Human Rights, awarded Lagardere 10,000 euros in damages and 10,000 euros in costs plus interest and tax, in a judgment published on its website.
Jean-Luc Lagardere, the late chairman and founder of Lagardere, died in 2003. A French court of appeals in Versailles, near Paris, said two years later that Arnaud Lagardere and the rest of his father’s estate must pay 14 million euros in relation to a complaint filed by shareholder Alain Geniteau in 1992, accusing Jean-Luc Lagardere of misusing company assets.
Lagardere spokesman Ramzi Khiroun didn’t immediately reply to a request for comment on his mobile and by e-mail.
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