Jerome Kerviel News
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Steptoe & Johnson LLP hired Markham Erickson as a partner in the telecom, Internet and media practice in the Washington office. He was previously at Holch & Erickson LLP, a firm he co-founded in 2006.
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Olivier Metzner, one of France’s best-known lawyers, was found dead from an apparent suicide, the prosecutor’s office in the Brittany city of Vannes said.
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Jerome Kerviel told a Paris court that he sent weekly reports to his Societe Generale SA bosses, bolstering his claims the bank knew about the scale of his trades before they led to a 4.9 billion-euro ($6 billion) loss .
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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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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 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 crimes threatened the bank’s existence.
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Former Caisse d’Epargne trader Bruno Picano-Nacci was found guilty by a Paris court of charges his unauthorized trading cost the bank 315 million euros ($424 million) in 2008.
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Jerome Kerviel didn’t try to evade trading controls at Societe Generale SA , he said during a trial over his role in unauthorized trades that cost the bank 4.9 billion euros ($6 billion).
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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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BP Plc faces more than 225 lawsuits in 11 states as litigation from businesses, individuals and investors continues to increase almost two months after the Deepwater Horizon oil rig exploded.
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