Global Financial Crisis: Jerome Kerviel

Jerome Kerviel: Kerviel filed a civil lawsuit against the bank in Paris on Thursday, a week after an employment tribunal rejected his plea for a new expert inquiry to help overturn his dismissal. , according to Reuters. The rogue-trading scandal, which hit as the global financial crisis began to unfold in early 2008, became a rallying point for critics of the banking system, and far-left groups and the press have painted Kerviel as a victim of big finance. PARIS - Convicted French rogue trader Jerome Kerviel launched a new legal salvo against his former bank, Societe Generale SOGN.PA: Quote , accusing it of fraud and demanding that an independent expert examine how much money was lost in France's biggest-ever trading scandal. Kerviel received a three-year prison sentence for unauthorized trades that caused losses put by SocGen at 4.9 billion euros $6.4 billion , but is not in jail because he is waiting for the result of a final appeal. (www.immigrantscanada.com). As reported in the news.