By and  on November 6, 2012

LOS ANGELES — François Pinault has prevailed in the long-running legal battle between Artemis SA and California’s insurance commissioner, at least for now.

After an eight-day federal jury trial in the U.S. District Court, Central District of California here, jurors on Oct. 29 rejected the claim in which the California insurance commissioner was seeking $4.33 billion in profits and interest stemming from the sale of a California life insurance company and junk-bond portfolio to French investors in 1991.

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