DOJ Outsourced Deutsche Libor Probe To Paul Weiss: Judge
By Jody Godoy (May 2, 2019, 9:41 PM EDT) -- The U.S. Department of Justice effectively outsourced its investigation of Libor rigging at Deutsche Bank to the bank and its attorneys at Paul Weiss, a New York federal judge said Thursday in a ruling with broad implications for corporations and the white collar bar.
U.S. District Judge Colleen McMahon found the DOJ had decided to "save itself the trouble of doing its own work" when investigating convicted former Deutsche trader Gavin Black on charges of rigging the London Interbank Offered Rate.
"Rather than conduct its own investigation, the government outsourced the important developmental stage of its investigation to Deutsche Bank —...
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