Deutsche Bank Freed Of Most Claims In ARS Suit

Law360, New York (July 8, 2008, 12:00 AM EDT) -- A federal judge has dismissed all but one claim from an auction rate securities suit brought by alternative energy company Xethanol Corp. against Deutsche Bank Securities Inc.

After a hearing on July 2, Judge Alvin K. Hellerstein of the U.S. District Court for the Southern District of New York entered a summary order Monday granting Deutsche Bank’s motion to dismiss in part, thereby throwing two of Xethanol’s three claims against the bank from the case.

The remaining claim accuses Deutsche Bank of violations of Section 12(a)(1)...
To view the full article, register now.