Rogue SocGen Trader's Prison Sentence Upheld In Paris

Law360, New York (October 24, 2012, 1:50 PM EDT) -- A Paris appeals court on Wednesday reportedly upheld a former Societe Generale SA trader's three-year prison sentence and directed him to come up with the €4.9 billion ($6.7 billion) that his rogue dealings allegedly cost the bank.

The court affirmed the 2010 conviction, which handed 35-year-old Jerome Kerviel a five-year prison term with two years suspended, and confirmed that he has to pay billions of euros in restitution to Societe Generale, according to Agence France Presse.

"Jerome Kerviel was the sole creator, inventor and user of...
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