@Yahoo 05/08
UPDATE 1-Ex-Societe Generale banker wins U.S. appeal in Libor-rigging case
A former head of Societe Generale SA's Treasury desk in Paris can stay in France, rather than travel to the United States, to defend against U.S. charges she tried to rig the Libor benchmark interest rate, a U.S. court ruled on Thursday. Reversing a lower court ruling, the 2nd U.S. Circuit Court of Appeals in Manhattan said Muriel Bescond was not a fugitive and need not cross the Atlantic Ocean, and risk detention, to seek a dismissal of her indictment. "All Bescond has done is stay home, where she remained during the allegedly criminal scheme, and where her government permits her to live freely," Circuit Judge Dennis Jacobs wrote for a 2-1 majority.