Deutsche Bank Handed Win Over Libor Loan Row
Law360, London (April 15, 2019, 5:58 PM BST) -- A London judge brought an eight-year dispute involving Deutsche Bank AG and nine other banks to a close on Monday, ruling the Indian property developer they were suing owes them $314 million after its defense citing the lender's alleged Libor manipulation had failed.
There was insufficient evidence to support claims that Deutsche had wrongly depicted the suitability of an $11 million interest rate swap at the heart of the suit, the judge said at the High Court. (AP) Judge Robin Knowles said that Unitech Ltd. had not provided sufficient evidence to support allegations that Deutsche Bank had wrongly depicted the suitability...
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