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 firstname.lastname@example.org.
If you are uncertain whether or not you have received your full spectrum of eligible notices, we can help retrieve this information. Please reach out to your account manager or email us at email@example.com.
- 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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