Deutsche Bank To Pay $170M To Settle Euribor Investor Suit

Law360, Los Angeles (June 12, 2017, 10:31 PM EDT) -- Deutsche Bank AG has agreed to a $170 million settlement with investors accusing big banks of conspiring to rig Euribor in a deal that would bring proposed relief to more than $300 million, according to documents filed in New York federal court on Monday.

The Deutsche Bank settlement proposal is more than one-third of the sum that the bank paid in a European Commission fine over the bank's alleged role in the "Euro interest rate derivatives' cartel," Monday’s motion for preliminary approval said. (AP) The court has already granted preliminary approval to settlement details with Barclays and HSBC for a total...

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