Pursuits
L’Oreal Heiress, Daughter End $1.3 Billion Gifts Fight
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L’Oreal SA heiress Liliane Bettencourt and her daughter agreed to end a three-year-old dispute over about 1 billion euros ($1.3 billion) in gifts which France’s richest woman gave to a friend.
Bettencourt and daughter Francoise Bettencourt-Meyers announced the settlement today without disclosing details. The legal battle grew from a family dispute into a political scandal after recordings by Bettencourt’s former butler sparked probes into President Nicolas Sarkozy’s 2007 election bid and influence-peddling allegations against former Labor Minister Eric Woerth.