Gov't Role In Paul Weiss Probe Puts Deutsche Trial At Risk

Law360, New York (October 5, 2018, 9:05 PM EDT) -- A New York federal judge signaled Friday that the Libor-rigging trial against former Deutsche Bank traders Matthew Connolly and Gavin Black may be in trouble, in light of "highly persuasive" evidence concerning the government's role in an internal investigation of the bank by Paul Weiss Rifkind Wharton & Garrison LLP.

At issue is whether or not prosecutors can elicit the testimony of Paul Weiss partner Walter Ricciardi, who led an internal investigation into Deutsche Bank over alleged misdeeds concerning benchmark rate manipulation, which included interviews of Black, purportedly under threat of termination. Ricciardi testified Oct. 2 before U.S. District Judge Colleen McMahon, confirming...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS