Pinault offered $270m Executive Life settlement
By Martin Arnold in Paris
François Pinault, the French billionaire, has been offered a settlement worth about $270m to end US civil lawsuits for his part in the allegedly illegal acquisition of Executive Life, the failed Californian insurer, in 1991.
Mr Pinault’s family holding company Artémis was yesterday negotiating with lawyers for California’s insurance authority over a possible deal.
