French rogue trader Jerome Kerviel is trying to render meaningless the €4.9bn in damages he owes to Societe Generale by seeking the same amount from the bank in a labour court. Kerviel, convicted to three years in jail, said on RTL radio that he had filed a case in the Paris labour court seeking €4.9bn in damages from Societe Generale. He said the bank firing him in 2008 for gross misconduct had "implied that there was the intention on my part to destroy the company, which was never the case and which was proven" during his trial. Kerviel was convicted of forgery and breach of trust for circumventing trading ... (full story)