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...
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