A former Deutsche Bank trader whose conviction for rigging an interest rate benchmark was overturned has ended a lawsuit accusing the German bank of...
NEW YORK - A former Deutsche Bank trader whose conviction for rigging an interest rate benchmark was overturned has ended a lawsuit accusing the German bank of destroying his banking career by falsely implicating him in the scheme.
Matthew Connolly, who once led Deutsche Bank's pool trading desk in New York, settled a similar $150 million lawsuit last month.Black said Deutsche Bank "scapegoated" him by lying to U.S. investigators about his alleged role in rigging the Libor benchmark from 2005 to 2011, to reduce or eliminate the bank's own criminal and civil liability.
A federal jury in Manhattan convicted Black and Connolly in 2018 of rigging Libor, with Black sentenced to nine months of confinement at his UK home and a $300,000 fine. CHELMSFORD, Mass., August 19, 2024--ZOLL®, an Asahi Kasei company that manufactures medical devices and related software solutions, announced today that it is the winning bidder in an auction to acquire Vyaire Medical’s ventilator business as part of Vyaire’s Chapter 11 bankruptcy proceedings. Completion of the acquisition is subject to court approval at a sale hearing and dependent on a successful closing that is anticipated to occur in the coming weeks.
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