This is a historic decision that Jerome Kerviel will not fail to put forward in other jurisdictions. The former trader won Tuesday his fight against his former employer to the Labour Court.
While the damages to the tune of 5 billion euros have not been granted. Nevertheless, the judges of the Fifth Chamber of the frame section which heard both parties on 19 May questioned the working relationship that bound Jerome Kerviel to his employer and which ended with a dismissal for serious misconduct. They responded: former trader had no intention of harming her employer, which is a victory for the employee. The trader gets a little over 400 000 euros.
In detail, the former trader obtained
100 000 euros in damages for dismissal without just cause, 2007 bonus of 300 000, 20 000 euros in damages for vexatious conditions 18 008.33 euros notice, 1 808.33 euros paid leave on notice, 13 609, 23 euros conventional severance payments and EUR 2 000. Article 700.
STORIES & gt; & gt; The “perverse manipulator” Jérôme Kerviel defends the Prud’hommes
The judges concluded that Kerviel was dismissed without just cause, meaning they completely dédouanent the extradite. Not only his superiors knew of its investments, but the judges of the Fifth Chamber believe it is in no way liable for losses of the bank.
The General Company immediately indicated to appeal against a decision “scandalous”.
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