The Campari Family Feud

How’s this for a dysfunctional family:

Luca Garavoglia, chairman of the Milan-based beverage company, has just been slapped with a court order to pay his sister and fellow shareholder 100 million euros ($127 million) in damages.
Maddalena Garavoglia had complained in court in 2000 that the company, in which she held a 23% stake, had tried to push her out in the run up to its 2001 stock-market listing. Using a capital increase, she alleged, it tried to pressured her to sell her holdings to investment powerhouse UBS, misleading her about the value of her stake.

That’s not all. Maddalena’s brother and mother also face criminal charges for allegedly giving her false information.

Posted by on October 5th, 2006 at 6:43 am


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