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Court drops fine for former SocGen trader Kerviel

French court upholds prison sentence for convicted rogue trader

France's highest appeals court Wednesday upheld a three-year prison sentence for former Societe Generale trader Jérôme Kerviel but overturned €4.9 billion ($6.83 billion) in civil damages.

The ruling means Kerviel, whose massive market bets brought the French bank to the verge of collapse in 2008, has exhausted all legal options to avoid a jail term.

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