Deutsche, NatWest Eye Deals Worth $34M In Swiss Libor Case

By Sarah Jarvis (June 30, 2022, 6:55 PM EDT) -- A proposed class of investors accusing various financial institutions of conspiring to manipulate the Swiss franc Libor has asked a New York federal court to approve a $21 million settlement with NatWest Markets and a $13 million settlement with Deutsche Bank.

Representative plaintiffs — the California State Teachers' Retirement System, Frank Divitto, Richard Dennis and Fund Liquidation Holdings LLC — argued in a Wednesday memorandum supporting their motion for preliminary settlement approval that the two settlements satisfy all requirements for the court's initial approval.

"The settlements are procedurally fair, as representative plaintiffs and interim lead counsel are adequate representatives for the...

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