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Tapie finally wins Adidas sale case

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Tapie finally wins Adidas sale case

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After 13 years of litigation, French businessman and politician Bernard Tapie has finally won his lawsuit against the former management of bank Crédit Lyonnais over the sale of his share of the sports shoe company Adidas.

A court has ordered that the former businessman and president of Olympic Marseilles football club be paid 285 million euros compensation.

The ruling was that the then state-owned bank had not dealt honestly with Tapie during the sale and had sold the shares for too little. It is a partial judgement with the rest due at the end of the month.