DOJ 'Sandbagging' With New Theory In Libor Trial, Judge Says

Law360, London (May 16, 2018, 3:05 AM BST) -- A Manhattan federal judge said Tuesday that she may push the trial of two former Deutsche Bank traders accused of rigging the Libor to September, saying she felt “sandbagged” by U.S. Department of Justice prosecutors’ new theories a month before trial.

Matthew Connolly and Gavin Black were indicted in 2016 on fraud charges for allegedly influencing Deutsche Bank’s Libor submissions so as to boost their derivatives trades tied to the lending benchmark. Chief U.S. District Court Judge Colleen McMahon had repeatedly hinted that prosecutors would have...
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