SocGen Trader's Trial Delayed Pending Appeal

Law360, New York (September 1, 2009, 6:29 PM EDT) -- The trial of Jerome Kerviel, the French former Societe Generale trader blamed for €4.9 billion ($7 billion) in losses at the bank, reportedly has been delayed pending a procedural appeal.

A lawyer for Kerviel said Tuesday his client's trial had been blocked pending an appeal to France's Court of Cassation, Reuters reported.

The Court of Cassation rules only on legal procedure and is intended to ensure that interpretation of the law is uniform. It does not rule on individual disputes but only on how the law...
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