As millions of gamers he became famous, now he has won a victory: A labor court ordered Société Générale on Tuesday to pay him 455,000 euros. The financial institution announced vocation.
than billion gamblers became famous Ex -Banker Jérôme Kerviel booked in the bitter struggle against the former employer a victory: a labor court ordered the bank Société Générale on Tuesday Kerviel to pay compensation in the amount of 455 000 Euro. In the case concerned the legality of his dismissal in early 2008 – just before became public that the merchant bank had brewed with stock options and fictitious hedging a loss of 4.9 billion euros. Kerviel argued for years, his superiors were aware of the Zockerei and tolerated as long as they brought profit. The decision of the Paris labor court judge based this view: the bank representative would Kerviel at least as early as 2005 called verbally to order, 2007 at the latest are the risky transactions been known internally. According to the Labour Société Générale would therefore time to initiate disciplinary proceedings. Since this was omitted, the termination without sufficient basis has been pronounced. A lawyer for the bank spoke of a “scandalous” ruling and announced that it would appeal.
Beyond the labor law must judge soon also clarify how much Kerviel must replace of the damage done. A first ruling that the – illusory – ordered repayment of 4.9 billion euros, was repealed. The Bank is partly responsible for the loss of at least a result of inadequate internal controls, the Paris Court of Cassation. Criminally Kerviel was sentenced to five years in prison. He came within a few months again.
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