Judge Trims RMBS Suit Against Deutsche Bank Units

Law360, New York (July 30, 2012, 2:16 PM EDT) -- A New York state judge on Friday dismissed claims against Deutsche Bank AG and two affiliates in a lawsuit claiming they misrepresented risky mortgage-backed securities to pension fund investors, but preserved claims against three affiliates for common law fraud and fraudulent inducement.

In paring down the suit, Judge Jeffrey Oing found that Netherlands-based pension fund Stichting Pensioenfonds ABP had failed to show that any of the defendants had aided or abetted in the purported fraudulent misrepresentation, dismissing all claims making those allegations.

But he asked Ace...
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