in the background Margherita Agnelli in the foreground Lapo, John Elkann and Ginevra Elkann
Eredità Agnelli, John Elkann wins in court against his mother Margherita: the lawyer’s daughter’s appeal rejected
In the complex scenario of the inheritance dispute relating to Gianni Agnellithe president of Stellar, John Elkanntogether with his brothers, Geneva e Sheetscored an important point in the long match against his mother Margherita Agnelli the piles.
On the evening of Friday 26 April, the decision of the Turin court was made known regarding the controversial registration of the simple company in the Business Register Decemberthe safe through which the family Lambs check it out Exor and affiliated companies such as Stellar e Juventus. The court confirmed the validity of the procedures followed by the Turin Chamber of Commerce, thus confirming the current corporate structure which sees the majority of shares firmly in the hands of Elkann.
As reported Milan Financethe December was founded in 1984 by Gianni Agnelliat the suggestion of Gianluigi Gabetti e Franzo Grande Stevensin order to guarantee the Lawyer and his close family members and collaborators control over the vast galaxy Fiat.
After Agnelli’s death in 2003, part of the shares passed to his daughter Margherita Agnelli. However, according to the theory of Elkannfollowing the lawyer’s wishes, control was passed on to his wife Marella Caracciolo and his nephew John Elkann. Subsequently, in 2004, Margherita Agnelli sold her shares in a deal worth over 1 billion euros. An operation which, since then, has been contested in both the Italian and Swiss courts by the lawyer’s only daughter.
The fate of December remained uncertain for a long time, since neither the statute, nor the financial statements, nor the details of the members were updated at the Chamber of Commerce. This has also raised concerns with the US Securities and Exchange Commission (SEC). Initially, in response to these concerns, the decision was made to revoke the membership of the three grandchildren Elkannwhich would have reported the deceased partners, such as the Lawyer, his wife and Gabetti, as owners of the December.
John Elkannhe writes Milan Finance, he resolved this situation by filing Swiss notarial documents certifying the transfer of the shares from his grandmother Marella Caracciolo to him and his brothers. However, in Turin, only copies of such documents are available, which has led Margherita Agnelli to go to civil court. At first, the court annulled the transfers, but on 26 April 2024 it recognized their legitimacy, despite the lack of the originals.
The judge ruled that, despite the lack of the original documents assigning the shares of the December to the three, the formalities are correct. However, both the succession case and the prosecutor’s criminal investigation, which he has registered, still remain open in the civil court John, Geneva e Lapo Elkannthe accountant Gianluca Ferrero and the Swiss notary Urs von Grünigen in the register of suspects relating to these operations.