SocGen hit with lawsuit over trader scandal

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SocGen hit with lawsuit over trader scandal

12th March 2008, 23:30:PM

A CLASS-action suit filed overnight against Societe Generale alleges the French bank misled investors about its exposure to risky US mortgage securities and failed to clamp down on a rogue trader who ran up massive losses.

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Tags: bank, business, clamp, class, mortgage, securities

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SocGen hit with lawsuit over trader scandal

SocGen hit with lawsuit over trader scandal

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