Tag: lawsuit settlement

lawsuit settlement

Deutsche Settles FX Manipulation Claim

One of two banks still to settle a class action lawsuit over FX manipulation claims has agreed to pay $190 million.
Court documents filed today (September 29) show that Deutsche Bank has agreed to settle, leaving Credit Suisse as the only bank of 16 that were named in the class action yet to agree a deal. The proposed settlement remains subject to a Fairness Hearing – Deutsche has also agreed to provide “reasonable cooperation” in the continued prosecution of the Action, according to court documents.