PARIS—A French court acquitted Guy Wildenstein, the heir of a famous art-dealing family, in a landmark tax-fraud case in which prosecutors had requested a €250 million ($265.7 million) fine. The French tax authorities had sued Mr. Wildenstein and other members of the family in a criminal court claiming they had evaded inheritance taxes. Daniel Wildenstein, Guy’s father, and Alec Wildenstein, his brother, died in 2001 and 2008...

Source: Wall Street Journal January 12, 2017 11:53 UTC