FIRST AIRED: December 19, 2016

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00:00:00
>> Christine Lagarde guilty of negligence, the judges' verdict in France. They say the International Monetary Fund Chief should have challenged a 400 million Euro payout to a French business tycoon, Bernard Tapie. That was back in 2008, when she was serving as France's finance minister. No sign yet though of a sentence.
00:00:20
The main judge cited that year's global financial crisis and Lagarde's good reputation as reasons. And at the trial, no sign of Lagarde. She left France for Washington before it ended. Lagarde maintains her innocence, and her lawyers say they will appeal. Giving evidence in court last week, she said she'd acted in good faith.
00:00:41
But the ruling is bad news for her career, and threatens a new leadership crisis at the IMF, who will meet shortly to consider the implications. This after Lagarde's predecessor Dominique Strauss-Kahn resigned in 2011 over a sex assault scandal.