Exonerated Deutsche Bank trader accuses bank of ‘malicious prosecution’

NEW YORK, Jan 25 (Reuters) – A former Deutsche Bank AG trader whose conviction for rigging the Libor rate benchmark was overturned has begun a $30 million legal action in New York accusing the German bank of malicious prosecution for making him a scapegoat.Gavin Black, who worked on the bank’s money market and derivatives desk in London, said Deutsche Bank and others conspired to commit “malicious prosecution and abuse of process,” leading to his unjustified conviction.Black wants at least $30 million plus punitive damages from Deutsche Bank and other defendants, according to a summons filed on Wednesday in a New York …
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