Deutsche Bank AG 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. The bank in October agreed to pay $38 million to settle similar litigation over alleged silver price manipulation. Deutsche Bank had agreed to settle its part of the case in April, but the terms were not disclosed until now. The case is In re: Commodity Exchange Inc Gold Futures and Options Trading Litigation, U.S. District Court, Southern District of New York, No.

Source: Egypt Independent December 03, 2016 08:26 UTC