Chronicling the high cost of our legal system

Overlawyered

April 12th, 2008 at 1:05 am

Kerviel to sue SocGen for unfair dismissal

Employment litigation Hall of Fame? “Jérôme Kerviel, the rogue trader accused of losing his bank €5 billion (£3.9 billion) in one of the financial world’s biggest scandals, has hit upon a new money-making scheme — he is to sue his former employer [Société Générale of Paris] for unfair dismissal.” (Adam Sage, “Jerome Kerviel to sue SocGen over sacking”, Times Online (U.K.), Apr. 3).

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    Mr Kerviel claims his dismissal is unlawful because the bank has failed to prove he did anything wrong.

    I do believe I can come up with 3.9 billion reasons. I can only marvel at his chutzpah.

    Richard Nieporent on April 12th, 2008

 

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