Jerome Kerviel, the “rogue trader” who cost French bank Societe Generale almost five billion euros in losses, has won a wrongful dismissal case.<br /><br /> An industrial tribunal – made up of representatives of employers and trade unions – has ordered the bank to pay him 450,000 euros in compensation.<br /><br /> The reason they believed he was fired without “real and serious cause” is because the bank waited too long to get rid of him after becoming aware of his misconduct.<br /><br /> Societe Generale called that “incomprehensible” and plans to appeal against the ruling. <br /><br /> Kerviel spent five months in prison after being found guilty of breach of trust and fraud for unauthorised trades in 2008, which he says his former employer knew about. <br /><br /> The ruling comes as Kerviel faces a separate civil case, due to start next week, over how much he has to pay the bank towards the losses.<br /><br /> EUR4.9bn SocGen rogue trader wins unfair dismissal case – Jerome Kerviel, the rogue trader who was jailed in 20… https://t.co/n96QaYJGb4— Dominic Higgins (@dominichiggins) June 7, 2016<br />
