Deutsche Bank Gets Nod For $60M Gold Price-Fixing Accord
Law360, Fort Wayne (December 9, 2016, 4:14 PM EST) -- A New York federal judge on Friday gave preliminary approval to an agreement by Deutsche Bank AG to pay investors and others $60 million to end claims that it engaged in illegal price-fixing of the gold market.
U.S. District Judge Valerie Caproni said the agreement between Deutsche Bank and investors and traders who brought the suit against the bank and others appeared adequate at first glance.
"The court preliminarily finds that the settlement encompassed by the Settlement Agreement raises no obvious reasons to doubt its fairness," the order said.
Judge Caproni also appointed Quinn Emanuel Urquhart & Sullivan LLP and Berger...
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