Companies Deutsche Bank AG FollowNEW YORK, Oct 31 (Reuters) - A former Deutsche Bank trader whose conviction in New York for rigging a key interest rate benchmark was overturned can pursue a $150 million lawsuit accusing the German lender of malicious prosecution for making him a scapegoat.
Deutsche Bank has until Nov. 14 to formally address claims in Connolly's lawsuit.
Libor probes led to about $9 billion of fines worldwide for banks, including $2.5 billion for Deutsche Bank in 2015.
Black is also suing Deutsche Bank for malicious prosecution, seeking $30 million in a lawsuit filed in a New York state court in Manhattan.
Black's case is Black v Deutsche Bank AG et al, New York State Supreme Court, New York County, No.
Persons:
Jesse Furman, Matthew Connolly's, Connolly, Gavin Black, London interbank, Jonathan Stempel, Jonathan Oatis
Organizations:
Deutsche Bank, Deutsche, London, Deutsche Bank AG, Court, Southern District of, New York, Thomson
Locations:
New York, U.S, Manhattan, Connolly's, London, Southern District, Southern District of New York, New, Court , New York County