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Deutsche Bank Urges Judge to Toss Ex-Trader Libor Scapegoat Suit

  • Connolly sued the bank for malicious prosecution in Libor case
  • Bank says there’s no evidence it lied about Connolly
Matthew Connolly exits Federal Court in New York in 2018.
Matthew Connolly exits Federal Court in New York in 2018.Photographer: Victor J. Blue/Bloomberg

Deutsche Bank AG asked a judge to toss out a former trader’s lawsuit that claims the company made him a scapegoat for its manipulation of the Libor market.

The bank’s lawyers said in a filing Friday that contrary to Matthew Connolly’s claims, there is no evidence that it “initiated” the trader’s prosecution or made false and misleading statements about him.