April 2008 03

Societe Generale updates

http://www.reuters.com/article/bankingFinancial/idUSL0378769920080403

PARIS (Reuters) – Jerome Kerviel, at the centre of a rogue trading scandal at French bank Societe Generale (SOGN.PA: Quote, Profile, Research), has not launched any legal action against his past employer for now, a lawyer representing the former trader said.

“I can tell you that no court proceedings have been launched,” Elisabeth Meyer told Reuters on Thursday.

Asked if Kerviel planned to sue, she added: “No comment.”

Check out this article which is talking about Societe Generale, in the meantime business and revenue generation continues, we’ll have to see if there are any developments in the near future.

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