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THE NEW LAWYERS for Jerome Kerviel, the former trader whose hidden bets cost the French bank Societe Generale nearly 5 billion euros or $7.2 billion, told a judge on Wednesday that he was not the only one engaged in such unauthorized trading. KATRIN BENNHOLD THE GERMAN AUTO PARTS giant, Continental, on Wednesday warily embraced a takeover approach from its smaller rival, the Schaeffler Group, that has set the German corporate world abuzz, but it rejected the current offer as inadequate. CARTER DOUGHERTY [ABSTRACT FROM PUBLISHER]