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By Jonathan Stempel
NEW YORK, Dec 2 (Reuters) - Deutsche Bank AG hasagreed to pay $60 million to settle private U.S. antitrustlitigation by traders and other investors who accused the Germanbank 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 bank in October agreedto pay $38 million to settle similar litigation over allegedsilver price manipulation.
Amanda Williams, a spokeswoman for the bank, declined tocomment. Lawyers for the plaintiffs did not immediately respondto requests for comment.
The case is one of many in the Manhattan court in whichinvestors accused banks of conspiring to rig rates and prices infinancial and commodities markets.
Investors sued Deutsche Bank, Barclays Plc, Bank ofNova Scotia, HSBC Holdings Plc and SocieteGenerale in 2014, claiming that they conspired to fixgold prices from 2004 to 2013.
While the investors did not estimate the size of the banks'gold portfolios, they said the gold derivatives market alonereached $650 billion during the class period.
Deutsche Bank had agreed to settle its part of the case inApril, but the terms were not disclosed until now.
In an Oct. 3 decision, U.S. District Judge Valerie Caproniin Manhattan said investors could pursue much of their lawsuitagainst the other four banks.
Deutsche Bank has separately been in talks with U.S.authorities on a potential multibillion-dollar penalty relatedto mortgage securities.
The case is In re: Commodity Exchange Inc Gold Futures andOptions Trading Litigation, U.S. District Court, SouthernDistrict of New York, No. 14-mc-02548. (Reporting by Jonathan Stempel in New York; editing by DianeCraft)
