Deutsche Bank Trader Fired Amid Libor Probe Settles Lawsuitby
Shivani Mathur was to start her employment case Tuesday
Mathur was fired at the request of New York regulators
Deutsche Bank AG settled an employment lawsuit with a former trader who was fired at the request of U.S. regulators amid the Libor-rigging scandal.
Shivani Mathur was scheduled to begin her employment suit against Deutsche Bank Tuesday at a London employment tribunal. She had submitted a 70-page document spelling out claims she suffered sexual discrimination and was punished for blowing the whistle on corporate misconduct, according to court records.
"Mathur’s employment tribunal claim has been resolved," a bank spokesman said by phone, without disclosing any details about the settlement. Mathur declined to comment.
Mathur was one of seven Deutsche Bank traders in London and Frankfurt pushed out by the New York banking regulator as part of a record $2.5 billion Libor-rigging settlement.
Traders and brokers have been accused of rigging the London interbank offered rate, which underpins trillions of dollars in securities and loans.