2008 Société Générale trading loss a role in the market's overall decline, but characterized that impact as "minimal". 2008 Société Générale trading loss In January 2008, the bank Société Générale lost approximately €4.9 billion closing out positions over three days of trading beginning January 21, 2008, a period in which the market was experiencing a large drop in equity indices. The bank states these positions were fraudulent transactions created by Jérôme Kerviel, a trader with the company. The police stated they lacked evidence to charge him with fraud and charged him with breach of trust and illegally accessing computers. Kerviel states his actions were known
Product liability in the Republic of Ireland There are six specific defences available . Being a strict liability statute, the defendant's taking reasonable care is irrelevant. It is a defence if: In addition, where the damage arose partially out of the negligence of the plaintiff, then the damages shall be apportioned as per Chapter III of the Civil Liability Act, 1961. Product liability in the Republic of Ireland Irish law on product liability was for most of its history based solely on negligence. With the Liability for Defective Products Act, 1991 it has now also the benefit of a statutory, strict liability regime. The Liability for Defective