By 2006 Paris will boast a new contemporary-art museum, thanks to the generosity of one of France's richest men, Francois Pinault. The museum, the design of which was unveiled last week, will set him back some FFr1 billion ($140m). But Mr Pinault, who controls a giant retailing empire, may yet be landed with a larger bill in America, thanks to his entanglement with Executive Life, a California insurance company. He faces lawsuits claiming several billion dollars for alleged fraud.
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