Veil Jourde name partner joins SocGen fraud team

Societe Generale has called in Veil Jourde name partner Jean Veil to advise on its lawsuit against Jerome Kerviel, the trader accused of defrauding the French lender and causing losses of almost €5bn (£3.7bn).

Veil was added to the team advising SocGen on Monday (28 January) following Kerviel's indictment.

Veil joins Francois Martineau, a partner at Paris boutique Lussan & Associes, who landed a role on the case earlier this month, as previously reported by legalweek.com (25 January).

Completing the line-up of partners advising SocGen is Reinhart Marville Torre name partner Jean Reinhart, a specialist in business crime, corporate litigation and labour law. Before founding his own firm in 1990, Reinhart practised at Jacques Revuz and Simeon Moquet Borde.

Veil is a longstanding adviser to SocGen, having advised the French bank for the last five years. He has also represented SocGen chairman and chief executive Daniel Bouton on matters arising from a probe into an alleged Franco-Israeli money laundering affair.

Bouton was this week handed a vote of confidence by the SocGen board following news of the losses.

Veil commented: "[Reinhart] was brought in because he has the ability to understand and manage this particularly complicated case."

More international news

For thousands of the best legal jobs, click here.