Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Lagardere Loses Bid for EU15 Million in Case Linked to Father

April 12 (Bloomberg) -- Arnaud Lagardere, chief executive officer of Lagardere SCA, 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.

To contact the reporters on this story: Marie Mawad in Paris at mmawad1@bloomberg.net; Aoife White in Brussels at awhite62@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.