SocGen sued for €12m by former employee

Raphael Geys was let go from the bank in November 2007 and received a draft severance agreement weeks later, according to the Financial Times. However, Geys has disputed his entitlements under his employment contract, especially as his lawyer claims during his three years at the bank he was responsible for more than doubling the gross revenue of his division from €205m to €440m. Geys' lawyer told the High Court his client was never given a reason why his contract was terminated but argues it was because he was too successful in his role and the provisions in his contract were consider...