USA v. Connolly

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Case overview

Case Number:

1:16-cr-00370

Court:

New York Southern

Nature of Suit:

Firms

  1. October 17, 2018

    2 Ex-Deutsche Traders Convicted Of Libor-Rigging

    A Manhattan federal jury on Wednesday convicted two former Deutsche Bank AG traders of rigging the London Interbank Offered Rate to benefit their trading positions, setting the stage for a protracted legal fight over whether or not the trial was tainted by compelled testimony.  

  2. October 15, 2018

    Deutsche Traders Knew Libor-Rigging Was Illicit, Jury Told

    Prosecutors on Monday began their final pitch to jurors in the Libor-rigging trial of former Deutsche Bank traders Matthew Connolly and Gavin Black, saying trial evidence proves the pair abused the German lender's position to cash in by gaming the benchmark interest rate.

  3. October 05, 2018

    Gov't Role In Paul Weiss Probe Puts Deutsche Trial At Risk

    A New York federal judge signaled Friday that the Libor-rigging trial against former Deutsche Bank traders Matthew Connolly and Gavin Black may be in trouble, in light of "highly persuasive" evidence concerning the government's role in an internal investigation of the bank by Paul Weiss Rifkind Wharton & Garrison LLP.

  4. October 02, 2018

    Deutsche Libor Trial Judge Eyes Internal Paul Weiss Probe

    The judge overseeing the trial of two former Deutsche Bank traders accused of benchmark rate rigging heard from a Paul Weiss Rifkind Wharton & Garrison LLP partner on Tuesday who led an internal investigation into the German lender over alleged Libor misdeeds, in order to determine if evidence from purportedly compelled statements should be kept out of the jury's view.

  5. September 28, 2018

    Foul With Routine Witness Trips Up Deutsche Libor Trial

    The government's Libor-rigging case against two former Deutsche Bank traders has suffered setbacks in recent days, after a routine witness put on to authenticate documents admitted signing an untrue declaration, which led to harsh words from a federal judge to prosecutors and the exclusion of a swath of trading data from coming into the case.

  6. September 27, 2018

    Another Ex-Deutsche Trader Tells Jury Of Libor-Rigging

    Another former Deutsche Bank derivatives trader on Thursday told a Manhattan federal jury that he pushed colleagues at the German lender to alter London Interbank Offered Rate submissions to benefit his trading positions, which cheated his counterparties.

  7. September 18, 2018

    Ex-Deutsche Traders Rip Libor Fraud Claims As Trial Begins

    Two former Deutsche Bank AG traders on Tuesday urged a Manhattan federal jury to reject accusations of rigging the London Interbank Offered Rate, claiming prosecutors are attempting to hold them to an unfair standard which was nonexistent during the time in question.

  8. September 12, 2018

    Ex-Deutsche Traders Fire Back At Gov't Bid To Nix Experts

    Two former Deutsche Bank traders accused of rigging the London Interbank Offered Rate urged a New York federal court to deny the federal government's motion to exclude the expert testimony of two men that they argue will show the bankers' trading positions did not benefit them at the expense of others.

  9. July 10, 2018

    Ex-Deutsche Traders Get '11th Hour' OK For UK Testimony

    A New York federal judge on Tuesday granted a bid by two former Deutsche Bank traders accused of rigging the London Interbank Offered Rate who sought to depose a former British Bankers' Association official, calling it an "11th hour and 59th minute" request and warning she wouldn't budge on their September trial date.

  10. May 30, 2018

    DOJ Won't Interview Ex-UK Official For Libor Trial

    The U.S. Department of Justice said Wednesday that it was dropping its contested attempt to interview a former British banking official ahead of a criminal fraud trial of two former Deutsche Bank traders accused of trying to rig the London Interbank Offered Rate, saying it had alternative evidence to prove the scheme.