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French court fails to decide on fired SocGen banker's $5M case

A former managing director at Société Générale SA who sued the French lender claiming unfair dismissal for revealing a bribery scheme must wait for the case to be reviewed after a Paris employment tribunal failed to make a verdict on his lawsuit, Bloomberg News reported.

The court sent the $5 million case filed by Elyes Jebali against the bank to a professional judge for review, which usually lasts about two years, according to the report.

SocGen fired Jebali for lying after he denied that he knew of any illicit activities, the bank's attorney reportedly said at a September hearing. Jebali's lawyer, however, said the lender asked his client to lie, but Jebali opted to cooperate with the U.S. authorities and was fired by the bank as a result.