Investors Target Deutsche Bank Again Over $250M MBS Loss

Law360, New York (March 30, 2012, 12:26 PM EDT) -- Investors once more sued a Deutsche Bank AG affiliate and HSBC Bank USA NA over mortgage-backed securities, alleging Wednesday in New York state court that they made false statements about the quality of the loans in the securities that cost investors $250 million.

Holders of mortgage-backed securities claim in a summons that Deutsche Bank affiliate DB Structured Products, which originated and sold the mortgage loans that were later securitized, has made misrepresentations about the quality of both the loans in the securities and the borrowers under...
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