PARIS, Sept 4 The French trader Jerome Kerviel,
who was sentenced in May to three years in jail over trading
that lost his bank billions of euros, won a court battle that
will allow him to leave prison on Monday as long as he respects
home curfew rules, his lawyer said.
Dismissing opposition from a prosecutor, an appeals court
judge said Kerviel, convicted after losing Societe Generale
4.9 billion euros ($6.4 billion) in 2008 with a pileup
of trades that went wrong, could walk free on Sept. 8.
He will wear an electronic bracelet that will allow him to
go to work during the day but will alert authorities if he tries
to leave home between 8.30 p.m. and 7 a.m.
Kerviel, 37, has fought one legal battle after another
against his former employer since the debacle, which came as
high-flying bankers fell into disrepute during a financial
crisis that sparked the worst global economic downturn since the
He was initially sentenced to five years in jail - two of
them suspended - and to a fine of 4.9 billion euros. That was
later struck down after an appeal where he and his lawyers had
argued that the bank turned a blind eye to his activity.
"He will devote some of his time to community work,"
Kerviel's lawyer, David Koubbi, told reporters.
If Kerviel, who is eying work for an information technology
consultancy, respects the curfew deal he will be eligible for
conditional release next June, suggesting that he could serve
just over a year behind bars in total, a judicial source said.
Other legal battles continue over the fines and financial
penalties incurred by a speculative gamble that triggered a
record loss at the French bank.
(1 US dollar = 0.7679 euro)
(Reporting By Brian Love; Editing by Larry King)