SocGen Banker Fired in Insider-Trading Case Loses Bonus Bid (1)

A former Societe Generale SA banker fired over allegations he took secret information on a $10 billion chemical deal and shared it with a friend lost a second bid to get about 430,000 euros ($473,000) in compensation related to his dismissal.

The Paris court of appeals rejected the claims by Stephane Fima, who was dismissed in 2016 for gross misconduct after police raided his office at the bank’s headquarters in western Paris. The former specialist in acquisition financing had already lost his first case two years ago. He was seeking severance pay as well as a 130,000-euro bonus for 2015. ...