New Law Magazine

A Chief share holder Liliane Bettencourt of the famous cosmetic company L’Oreal has a bitter battle in family for billions fortune. Her Daughter Francoise Bettencourt-Meyers has taken a legal action against a society photographer for accepting gift worth €1 billion from her 86 year old mother. This legal action was taken in court of Nanterre in west of Paris. The judge of court is baffled that whether Ms Bettencourt-Meyer sued on photographer or a criminal complaint made against Francois-Marie Banier.
Ms Meyer claim that Mr. Banier, 62, purportedly manipulating her mother who is mentally fragile. On 3 September 2009, the lawyers were discussed about mental health of one of European greatest fortune Ms Bettencourt.
The judge found a cause for proceeding because the investors found that Mr. Banier had accepted gifts and cheques worth $1.6 billion from 1996. In these gifts some good paintings of Matisse and Picasso are included; Mr. Banier was also requested for funds because Mr. Banier is a member of New York and Paris art world; this is reported by staff of Ms Bettencourt’s house of Neuilly-Sur-Seine.
Ms Bettencourt-Meyers said in criminal offence that Mr. Banier is making use of her mother’s weakness because her mother is thinking to share her facilities and rights of €11 billion fortune in her intimates. The prosecutor raises the point against Ms Bettencourt-Meyers that Ms Bettencourt had not put her words against Mr. Banier so her daughter have no rights to take any legal action.
Ms Bettencourt is a wealthiest woman in France and listed 21st rich person. As per French Republic very near become the Queen. Her wealth is inherited from her father Eugene Schueller, L’Oreal founder in 1909.
The war in between Ms Bettencourt-Meyers and Mr. Banier going from long time and the next case scheduled for September, 2009.