Deutsche Bank Unit Can't Duck $330M MBS Suit

Law360, New York (May 15, 2013, 5:00 PM EDT) -- A New York state judge Tuesday declined to dismiss a $330 million suit accusing a Deutsche Bank AG affiliate of making false statements about the quality of loans underlying its mortgage-backed securities, saying the suit fell within the appropriate statute of limitations.

New York Supreme Court Justice Shirley Werner Kornreich rejected DB Structured Products Inc.’s argument that the suit has passed beyond a six-year statute of limitations, saying the statute began to run in 2012 when the Deutsch Bank allegedly breached a securities repurchase agreement, well...
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