Halister News

--ADVEITH NAIR

(Bloomberg) -- International Monetary Fund chief Christine Lagarde convicted of one count of negligence by Paris court over her handling of a multi-million dispute when she was France’s finance minister. * 60-year-old IMF managing director convicted at the Cour de Justice de la Republique, over events that occurred nearly a decade ago * Lagarde won’t face fine or jail sentence, judge says * Lagarde was negligent in 2008 decision not to appeal arbitration, judge says * Lagarde decided in mid-2008 not to appeal a 285 million-euro ($303-million) arbitration award for businessman Bernard Tapie that led to a massive government payout * Lagarde was cleared of second count related to her 2007 decision to take Tapie dispute to arbitration Story Link: Lagarde Faces Setback as Critic Says Payout Was Scandalous (1) * Case stems from former state-owned bank Credit Lyonnais’s disagreement with Tapie over the 1993 sale of Adidas AG, which he owned To contact the reporter on this story: Gaspard Sebag in Paris at gsebag@bloomberg.net To contact the editors responsible for this story: Christopher Elser at celser@bloomberg.net Anthony Aarons

--ADVEITH NAIR