A court in France has ordered the so-called "rogue trader" Jérôme Kerviel to pay his former employer, Société Générale, €1 million, AP reports.
The ruling this Friday is the latest in an eight year long legal battle.
The 39-year old trader is accused of unauthorized trading and forgery that led to the loss of €4.9 bn for his employer in 2008. Société Générale never admitted Kerviel was encouraged to engage in high risk trading.
In October 2010 he was sentenced to three years in prison; ...
This story is part of New Europe's Premium content.
|To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑|