Jean Veil News
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Richard Revesz, who has been Dean of New York University School of Law for the last 10 years, is stepping down at the end of this academic year.
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Jerome Kerviel lost his bid to reverse a 2010 guilty verdict holding him solely responsible for Societe Generale SA’s 4.9 billion-euro ($6.35 billion) trading loss.
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Jacques Chirac will stand trial early next year on charges he created fictitious jobs as mayor of Paris, even after the former French president settled civil claims stemming from the affair, his lawyer said.
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Societe Generale SA wants a Paris appeals court to uphold a 2010 conviction holding Jerome Kerviel responsible for the bank’s 4.9 billion-euros ($6.2 billion) trading loss, lawyers for the bank said.
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Jerome Kerviel was sentenced to three years in prison and ordered to repay Societe Generale SA ’s 4.9 billion-euro ($6.8 billion) trading loss by a judge who said the former trader’s actions threatened the bank’s existence.
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The U.S. Supreme Court struck down much of Arizona’s first-of-its-kind crackdown on illegal immigrants, ruling that states must defer to the federal government on immigration policy, an election-year victory for President Barack Obama.
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Attorney Matthew Kluger was sentenced to a 12-year prison term that is the longest ever imposed for insider-trading, exceeding the 11-year sentence given Galleon Group LLC co-founder Raj Rajaratnam last year.
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The trial of Jerome Kerviel, beginning more than two years after Societe Generale SA accused him of losing 4.9 billion euros ($5.8 billion) on unauthorized market bets, may turn on whether the trader can show the bank knew what he was doing.
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Banks agreed to pay about $15.5 billion to settle claims by about 720,000 investors outside the U.S. who lost money in Bernard Madoff’s fraud, said the chairman of a group of law firms representing victims.
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Former France Telecom SA Chief Executive Officer Didier Lombard was charged as part of an investigation into employee suicides and depression.
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