Deutsche, Fitch Settle Anschutz Suit Over ARS Manipulation

Law360, New York (July 05, 2012, 8:32 PM ET) -- A California federal judge on Thursday signed off on a settlement between the holding company controlled by billionaire Phil Anschutz and Deutsche Bank Securities Inc. and Fitch Ratings Ltd., ending The Anschutz Corp.'s claims over their alleged manipulation of the auction-rate securities market.

U.S. District Judge Susan Illston dismissed with prejudice the claims against Deutsche Bank and Fitch by The Anschutz Corp., which had purchased nearly $59 million in auction-rate securities between 2006 and 2007. The company had claimed that Deutsche Bank propped up the market...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required