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Saturday May 18th 2013

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Posts Tagged ‘California life insurane’

Artemis in Trial on $4 Billion California Claim

Artemis in Trial on $4 Billion California Claim

Francois Pinault’s Artemis SA holding company went back on trial in a $4 billion California junk-bond case. Lawyers for the California insurance commissioner and Artemis gave opening statements today in federal court in Los Angeles. Arthur Shartsis, a lawyer for the insurance commissioner, said Artemis was liable for $4.33 billion in profits [...]