LIBOR Antitrust Case Update (March 2018): Deutsche Bank AG seeks approval to $240 million settlement
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 email@example.com.
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- LIBOR Case Spotlight (August 2017): LIBOR Antitrust Recovery Opportunity
- LIBOR Class Action (April 2017): LIBOR antitrust class action continues despite banks’ U.S. Supreme Court appeal
- Whitepaper: Antitrust – The Evolving Fiduciary Landscape
U.S. CLAIMS I GLOBAL GROUP LITIGATION I ANTITRUST I LITIGATION MONITORING I BUYOUTS
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