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Trader Who Made $1 Billion on Shipping Bet Sues Deutsche Bank

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A former trader on Deutsche Bank’s distressed credit desk, known for helping the German lender net nearly $1 billion in profit from a single trade, is taking legal action against the bank over his termination last summer.

Mark Spehn , 39, has filed a suit against Deutsche Bank in a London employment tribunal, according to a court filing. The trader, who was a notable moneymaker for the bank’s Distressed Product Group, is suing for disability discrimination and bringing a whistleblowing claim, the document from 2024 shows.

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