Pinault offered $270m Executive Life settlement
By Martin Arnold in Paris
Fran�ois 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 Art�mis was yesterday negotiating with lawyers for California’s insurance authority over a possible deal.
