IMF chief Lagarde to face trial after French court rejects her appeal regarding $440mn payout scandal

``France's highest appeals court has rejected an appeal from International Monetary Fund head Christine Lagarde, meaning she will stand trial for her role in a €400 million ($440 million) payout case while she was French finance minister back in 2008... Lagarde faces up to a year in prison and a fine of €15,000 ($16,850) if found guilty. A panel of three judges and 12 MPs selected from the upper and lower houses of parliament will look into her case. Trials at the Cour de Justice are extremely rare, with Lagarde's hearing set to be just the fifth in the tribunal's history. The trial is expected to run until December 20.''