Tag Archives: Settle

Deutsche Bank to pay $60 million to settle U.S. gold price-fixing case

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. Deutsche Bank denied wrongdoing. The… Read More »

JP Morgan pays $264m to settle China ‘bribery’ probe

US bank JP Morgan Chase is to pay $264m (£212m) to settle claims it hired the children of highly placed Chinese officials to gain business in China. The Department of Justice called the scheme “bribery by any other name” and said it threatened national security. The Securities and Exchange Commission (SEC) and the Justice Department (DoJ) began an… Read More »

US asks Deutsche Bank for $14bn to settle mortgage investigation

The US Department of Justice is asking Deutsche Bank to pay $14bn (£10.6bn) to settle an investigation into mortgage-backed securities, the bank has said. Deutsche Bank said it “has no intention to settle these potential civil claims anywhere near the figure cited”. The claim against Deutsche, which is likely to be the subject of negotiations for several months,… Read More »

Oracle, Google Fail to Settle Android Lawsuit Before Retrial

Oracle Corp and Alphabet’s Google unit failed to settle a long running copyright lawsuit over the Android operating system ahead of a retrial scheduled for May, according to a court docket. The case involves how much copyright protection should extend to the Java programming language, which Google used to design Android. Oracle is seeking billions in royalties for… Read More »