The head of the International Monetary Fund, Christine Lagarde, will stand trial over a state payout to the French tycoon Bernard Tapie, an appeals court has ruled. She is charged with negligence over the award to Mr Tapie of €404m ($445m; £339m) in 2008 when she was France’s economy minister. Ms Lagarde had appealed against a lower court ruling from December. She is now expected to appear before a special court for government ministers. The case stems from Mr Tapie’s sale of his majority stake in the sports equipment company, Adidas, which was handled by the state-owned bank, Credit Lyonnais. The businessman sued for compensation after claiming he was defrauded by the bank and received too little from the sale in 1993.
