{"id":6164,"date":"2017-06-16T12:28:48","date_gmt":"2017-06-16T17:28:48","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1629"},"modified":"2022-05-19T09:01:08","modified_gmt":"2022-05-19T14:01:08","slug":"benchmark-rigging-deutsche-bank-pay-170m-euribor-fixing-allegations-uk-court-agrees-hear-libor-swaps-case-rbs-ex-barclays-citigroup-jpmorgan-traders-face-currency-m","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/benchmark-rigging-deutsche-bank-pay-170m-euribor-fixing-allegations-uk-court-agrees-hear-libor-swaps-case-rbs-ex-barclays-citigroup-jpmorgan-traders-face-currency-m\/","title":{"rendered":"Benchmark Rigging: Deutsche Bank to Pay $170M Over Euribor Fixing Allegations, UK Court Agrees to Hear Libor Swaps Case Against RBS, and Ex-Barclays, Citigroup, and JPMorgan Traders to Face Currency Manipulation Charges in the US"},"content":{"rendered":"<p>\t\t\t\t<strong>Deutsche Bank Settle Investor Lawsuit Over Euribor Rigging<\/strong><br \/>\nDeutsche Bank AG (DB) has agreed to pay $170M to resolve an investor fraud lawsuit accusing the German lender of conspiring with other banks to rig Euribor and other derivatives. Euribor is the European Interbank Offered Rate benchmark and the euro-denomination equivalent of Libor, which is the London Interbank Offered Rate. <\/p>\n<p>FrontPoint Australian Opportunities Trust and the California State Teachers Retirement System (CalSTRS) are two of the plaintiffs in the Euribor rigging case against Deutsche Bank. However, the bank, despite settling, is not denying or admitting to wrongdoing. It claims to have decided to resolve the case to avoid more lawsuits and further costs. <\/p>\n<p>A preliminary settlement has been submitted in the U.S. District Court in Manhattan. Now, a judge must approve the deal.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/benchmark-rigging-deutsche-bank-pay-170m-euribor-fixing-allegations-uk-court-agrees-hear-libor-swaps-case-rbs-ex-barclays-citigroup-jpmorgan-traders-face-currency-m\/#more-6164\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deutsche Bank Settle Investor Lawsuit Over Euribor Rigging Deutsche Bank AG (DB) has agreed to pay $170M to resolve an investor fraud lawsuit accusing the German lender of conspiring with other banks to rig Euribor and other derivatives. Euribor is the European Interbank Offered Rate benchmark and the euro-denomination equivalent of Libor, which is the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4027,3972],"tags":[2756,2730,2817],"class_list":["post-6164","post","type-post","status-publish","format-standard","hentry","category-libor-scandal","category-swap-transactions","tag-barclays","tag-euribor","tag-hsbc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Benchmark Rigging: Deutsche Bank to Pay $170M Over Euribor Fixing Allegations, UK Court Agrees to Hear Libor Swaps Case Against RBS, and Ex-Barclays, Citigroup, and JPMorgan Traders to Face Currency Manipulation Charges in the US &#8212; Investor Lawyers Blog &#8212; June 16, 2017<\/title>\n<meta name=\"description\" content=\"Deutsche Bank Settle Investor Lawsuit Over Euribor Rigging Deutsche Bank AG (DB) has agreed to pay $170M to resolve an investor fraud lawsuit accusing the &#8212; June 16, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/benchmark-rigging-deutsche-bank-pay-170m-euribor-fixing-allegations-uk-court-agrees-hear-libor-swaps-case-rbs-ex-barclays-citigroup-jpmorgan-traders-face-currency-m\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Benchmark Rigging: Deutsche Bank to Pay $170M Over Euribor Fixing Allegations, UK Court Agrees to Hear Libor Swaps Case Against RBS, and Ex-Barclays, Citigroup, and JPMorgan Traders to Face Currency Manipulation Charges in the US &#8212; Investor Lawyers Blog &#8212; June 16, 2017\" \/>\n<meta name=\"twitter:description\" content=\"Deutsche Bank Settle Investor Lawsuit Over Euribor Rigging Deutsche Bank AG (DB) has agreed to pay $170M to resolve an investor fraud lawsuit accusing the &#8212; June 16, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Benchmark Rigging: Deutsche Bank to Pay $170M Over Euribor Fixing Allegations, UK Court Agrees to Hear Libor Swaps Case Against RBS, and Ex-Barclays, Citigroup, and JPMorgan Traders to Face Currency Manipulation Charges in the US &#8212; Investor Lawyers Blog &#8212; June 16, 2017","description":"Deutsche Bank Settle Investor Lawsuit Over Euribor Rigging Deutsche Bank AG (DB) has agreed to pay $170M to resolve an investor fraud lawsuit accusing the &#8212; June 16, 2017","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/benchmark-rigging-deutsche-bank-pay-170m-euribor-fixing-allegations-uk-court-agrees-hear-libor-swaps-case-rbs-ex-barclays-citigroup-jpmorgan-traders-face-currency-m\/","twitter_card":"summary_large_image","twitter_title":"Benchmark Rigging: Deutsche Bank to Pay $170M Over Euribor Fixing Allegations, UK Court Agrees to Hear Libor Swaps Case Against RBS, and Ex-Barclays, Citigroup, and JPMorgan Traders to Face Currency Manipulation Charges in the US &#8212; 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