financial
financial

Pinault Facing $700M Sanction In Exec Life Case

A U.S. District Court jury in Los Angeles last week said Francois Pinault, the French tycoon who controls Gucci Group through his PPR conglomerate, must pay $700 million to settle a long-standing dispute over the failed California insurer Executive Life.

By
with contributions from Michelle Tyree
financial/news
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