Deutsche Bank Trader Fired Amid Libor Probe Settles Lawsuit

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.

Read on.

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