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Ex-Deutsche Traders Fight Convictions, Cite Gov't Misconduct

Law360 (December 11, 2018, 5:45 PM EST) -- Two former traders at Deutsche Bank on Monday urged Manhattan's chief federal judge to reverse their convictions for rigging the London Interbank Offered Rate and dismiss the charges against them, arguing that prosecutors lied and hid evidence throughout the case.

Gavin Black and Matthew Connolly were convicted in October after prosecutors argued that they had conspired with the bank's Libor submitters to skew the lending benchmark in a way that would benefit their own derivatives trades. At the end of the trial, Chief U.S. District Judge Colleen McMahon said she wanted to deal with post-trial issues before sentencing the pair.

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