Deutsche Bank Denied New Trial, Must Pay Interest in Ponzi Case

Deutsche Bank AG lost its bid for a new trial and is liable for just one day of prejudgment interest following a $95 million jury award over allegations it ignored red flags in a Ponzi scheme, according to a post-trial order.

The bank will pay $16,587, a more modest prejudgment interest than the $38 million plaintiff’s sought, Judge Beth Bloom of the the US District Court for the Southern District of Florida said Monday in her order partially granting plaintiffs’ motion. She also denied Deutsche Bank’s motion for a re-trial on the issue of negligence, the only count where the ...