We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.