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French negligence trial

IMF’s Lagarde guilty, but not punished, in French negligence trial

PARIS: French judges convicted IMF chief Christine Lagarde on Monday of negligence for a state payout made while France's finance minister in 2008, but imposed no punishment, citing her preoccupation at the time with the global financial crisis. The executive board of the Washington-based International Monetary Fund was expected to meet shortly to consider the implications of the verdict, an IMF spokesman said. The ruling could cause a new leadership crisis at the IMF. Lagarde's predecessor, Dominique Strauss Kahn,…