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5th Circ. Revival of MBS Suit Flouts High Court, Banks Say

By Kali Hays (August 26, 2015, 7:38 PM EDT) -- Deutsche Bank AG and Royal Bank of Scotland PLC have asked the Fifth Circuit to reconsider en banc its recent revival of the Federal Depositors Insurance Corp.'s securities fraud suit over the sale of $2.1 billion in residential mortgage-backed securities, saying the decision defies U.S. Supreme Court precedent....

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