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Deutsche Bank has agreed to pay $60 million to settle private U.S. antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense.
The preliminary settlement was filed on Friday with the U.S. District Court in Manhattan, and requires a judge’s approval.
Deutsche Bank denied wrongdoing. The bank in October agreed to pay $38 million to settle similar litigation over alleged silver price manipulation.
Amanda Williams, a spokeswoman for the bank, declined to comment. Lawyers for the plaintiffs did not immediately respond to requests for comment.
Read the full article at http://www.cnbc.com/2016/12/02/deutsche-bank-to-pay-60-million-to-settle-us-gold-price-fixing-case.html
