Anshu Jain, Cantor Fitzgerald’s president who was known for his time leading Deutsche Bank traders into the lender’s investment banking heights, died five years after being diagnosed with duodenal cancer. He was 59.
In a 30-page decision, Rakoff said the complaint described specific processes that Deutsche Bank knowingly undermined through an "unwritten but pervasive practice" of exempting rich, politically connected clients from normal internal scrutiny.