LIBOR Antitrust Case Update (March 2018): Deutsche Bank AG seeks approval to $240 million settlement

Jenn Rothenberg
March 5, 2018

By Jenn Rothenberg, VP of Marketing, Financial Recovery Technologies

On Tuesday, February 27, 2018, Deutsche Bank AG agreed to a $240 million settlement for investors who suffered as a result of the banks’ manipulation of the London Interbank Offer Rate (LIBOR).

Deutsche Bank joins other banks including Citigroup Inc ($130 million), Barclays Bank PCL ($120 million) as well as settlements for LIBOR bondholders ($210 million) who had previously settled with affected investors. This brings the settlement pool to $700 million. Outstanding claims against 15 banks remain.

>> To read the February 27th Law360 article, click here (may require a subscription).

The Claims Filing Deadline for LIBOR-Citigroup is March 29, 2018. For more details including case background, timing and how to file, contact your FRT representative or email us at learnmore@frtservices.com.

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Founded in 2008, Financial Recovery Technologies (FRT) is the leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.

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SETTLED  I  NON-US GLOBAL OPT-IN  I  ANTITRUST  I  GLOBAL PASSIVE  I  DIRECT OPT-OUT  I  BUYOUTS

Founded in 2008, Financial Recovery Technologies (FRT) is a leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

 

This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.