Five judges at the UK Supreme Court ruled on Wednesday by a majority of four to one that Belgianbanker Raphael Geys, SocGen's former managing director for European fixed income sales, had been fired without proper notice in 2007.
Geys, a senior banker whosays he was asked to leavebecause he was too successful, will now be able to claim around 12.5 million euros in unpaid bonus and termination payments from SocGen. He can also now pursue the bank for additional sums for failing to ensure his remuneration was paidin a tax efficient manner.
