Jerome Kerviel, at the centre of a rogue trading scandal at French bank Société Générale, has not launched any legal action against his past employer for now, a lawyer representing the former trader said.
'I can tell you that no court proceedings have been launched,' Elisabeth Meyer told Reuters today. Asked if Kerviel planned to sue, she added: 'No comment.'
The Times newspaper in London reported that Kerviel had launched court proceedings against SocGen to contest his sacking for gross misconduct.
Kerviel faces accusations that he caused SocGen billions of euros of losses through rogue trades. But his lawyer Guillaume Selnet said last month after Kerviel was released on bail from a spell in prison that the former trader was determined not to become the fall guy over the trading scandal.
SocGen declined to comment on today's Times report.
SocGen unveiled €4.9 billion of trading losses in January, which it blamed on unauthorised stock market deals carried out by Kerviel, a junior trader there.
The bank has said that Kerviel managed to bypass control systems at SocGen to build up a position worth around €50 billion, which SocGen then had to unwind into an already falling stock market.
