Deutsche Bank Gets $38M Contract Forgery Suit Pared

Law360, New York (March 22, 2013, 4:20 PM EDT) -- A federal judge on Thursday trimmed most of the claims from an insurance premium finance company’s suit against Deutsche Bank Securities Inc. alleging a former employee forged documents, ultimately causing loans that would have brought in $38 million in interest to default.

U.S. District Judge Nathaniel M. Gorton said in his order approving Magistrate Judge Leo T. Sorokin’s December recommendations regarding Deutsche Bank’s motion to dismiss that he had considered both plaintiff Insurative Premium Finance (Jersey) Ltd. and Deutsche Bank’s objections, but adopted the recommendations in...
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