I.M.F. Chief to Face French Investigation

Published: August 4, 2011

A French court said Thursday it would investigate the role of the new head of the International Monetary Fund, Christine Lagarde, in a $400 million arbitration deal in favor of a controversial tycoon.

Ms. Lagarde was France's finance minister when the magnate, Bernard Tapie, won a settlement in 2008 with a French state-owned bank over the mishandled sale of the sportswear maker Adidas in the 1990s.

I.M.F. Chief to Face French Investigation

Published: August 4, 2011

A French court said Thursday it would investigate the role of the new head of the International Monetary Fund, Christine Lagarde, in a $400 million arbitration deal in favor of a controversial tycoon.

Ms. Lagarde was France's finance minister when the magnate, Bernard Tapie, won a settlement in 2008 with a French state-owned bank over the mishandled sale of the sportswear maker Adidas in the 1990s.

I.M.F. Chief to Face French Investigation

Published: August 4, 2011

A French court said Thursday it would investigate the role of the new head of the International Monetary Fund, Christine Lagarde, in a $400 million arbitration deal in favor of a controversial tycoon.

Ms. Lagarde was France's finance minister when the magnate, Bernard Tapie, won a settlement in 2008 with a French state-owned bank over the mishandled sale of the sportswear maker Adidas in the 1990s.