A court in Paris finds International Monetary Fund Managing Director Christine Lagarde guilty of negligence in a 404 million euro "misuse of public funds" case. The court ruled that Lagarde won't be fined, won't serve any jail time, or receive a criminal record. The IMF Executive Board "looks forward to continuing to work with" her.
A court in France announces a delay of an investigation into whether Christine Lagarde abused her authority as Finance Minister of that country. Lagarde is the new Director of the International Monetary Fund.
Britain formally backs French politician Christine Lagarde to become the next managing director of the International Monetary Fund, following the resignation of Dominique Strauss-Kahn over his alleged rape of a hotel chambermaid in New York City.