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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...
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