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French judge puts L’Oreal heiress under protection

- Associated Press - Monday, October 17, 2011

COURBEVOIE, FRANCE (AP) - Lawyers for L'Oreal heiress Liliane Bettencourt say a judge has ordered the French billionaire and her fortune placed under the legal protection of her daughter and grandsons.

Bettencourt lawyer Jean-Rene Farthouat called Monday's decision by a judge in the western Paris suburb of Courbevoie "profoundly disappointing" and "quite simply criticizable."

Bettencourt's heirs reportedly are concerned about her health and management of her fortune, estimated at $20 billion by Forbes magazine.

The daughter, Francoise Meyers-Bettencourt, and her mother have tussled over the management of the fortune and late last year appeared to end a legal dispute over more than euro1 billion ($1.3 billion).

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