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Libor Ruling Raises New Concerns for Deutsche Bank Trader Case

  • Judge sees ‘huge implications’ in Rabobank traders’ reversal
  • ‘It’s like we’ve sailed off the edge of the map,’ judge says
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FCA's Bailey Says No Market to Support Libor

A U.S. judge said defense lawyers have a new opportunity to challenge charges against two former Deutsche Bank AG traders accused of rigging Libor after last week’s appeals court ruling tossing out a similar case against ex-Rabobank Groep traders.

"The implications for this case are huge," U.S. District Judge Colleen McMahon said at a hearing Tuesday in Manhattan. "It’s like uncharted waters. It’s like we’ve sailed off the edge of the map."