Ex-Deutsche Boss Slapped With $300K Fine For Rate Rigging

Law360, New York (April 9, 2019, 4:34 PM EDT) -- A Manhattan federal judge hit former London-based Deutsche Bank managing director Michael Curtler with a $300,000 fine Tuesday for conspiring to rig global interest rates, but credited his cooperation with prosecutors in sparing him prison.

U.S. District Judge Colleen McMahon also ordered Curtler, 46, to continue cooperating with federal prosecutors during a two-year period of supervised release, during which he has agreed to periodically visit New York to see his probation officer.

"You were the first to decide that you would assist the government in connection with this investigation and prosecution," Judge McMahon said. She called his rigging of the Libor...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!