Law360, New York (March 01, 2012, 12:13 PM ET) -- Loreley Financing entities and Deutsche Bank AG resolved a lawsuit Wednesday in New York accusing the German financial giant of duping investors into buying $440 million worth of collateralized debt obligations that bankers allegedly called "crap" and "pigs" behind closed doors.
Deutsche and the Loreley companies — special purpose entities formed to invest in CDOs — submitted a stipulation to the state court agreeing to put an end to the action with prejudice.
Representatives for the parties did not immediately return requests for comment Thursday....
Deutsche Bank, Loreley Settle $440M CDO Suit
To view the full article, take a free trial now.
