On September 1, 2020, Judge Joan Gottschall appointed Lowey Dannenberg, P.C. as Interim Co-Lead Class Counsel on behalf of the proposed class of investor plaintiffs in In re Deutsche Bank Spoofing Litigation, No. 1:20-cv-03638 (N.D. Il.).
The Complaint alleges that Deutsche Bank Securities Inc.’s manipulated U.S. Treasury Futures and Eurodollar Futures contracts on U.S.-based exchanges by placing unlawfully deceptive buy and sell orders in the market to fake the impression of supply and demand for their financial gain.
With this appointment, Lowey continues its long history of being on the cutting edge of litigation pursuant to the Commodity Exchange Act, and is now court appointed lead counsel in four cases alleging “spoofing” in the futures markets. See In re JPMorgan Precious Metals Spoofing Litigation No. 18-CV-10356 (S.D.N.Y.); Boutchard, et al. v. Gandhi, et al. No. 18-CV-7041. (N.D.Ill.); In re Merrill, BOFA, and Morgan Stanley Spoofing Litigation No. 19-CV-6002 (S.D.NY).