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$309M In Deutsche, Barclays, HSBC Euribor Deals OK'd

Law360 (May 21, 2018, 2:36 PM EDT) -- A Manhattan federal judge gave a final nod Friday to $309 million in investor settlements with Deutsche Bank AG, Barclays PLC and HSBC Holdings PLC over allegations they manipulated the Euro Interbank Offered Rate, earmarking $68.7 million of the amount for attorneys' fees.

After a settlement hearing, U.S. District Judge P. Kevin Castel issued final approval to the deals with Euribor investors that had accused the big banks of conspiring to rig the interest rate benchmark, excluding eight potential class members that asked to be omitted....
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