Deutsche Bank Investors Sue Over Epstein Relationship
Law360 (July 15, 2020, 11:02 PM EDT) -- A group of Deutsche Bank AG investors filed a suit in New Jersey federal court Wednesday that blames the German financial giant for a stock price slide spurred by recent revelations about the bank's failure to appropriately manage its dealings with alleged bad actors such as millionaire sex offender Jeffrey Epstein.
The investors say they took a hit when Deutsche Bank's share price dropped following a Federal Reserve report in May that found problems with the bank's internal oversight procedures, including its anti-money laundering policies.
Then, on July 7, the New York state's financial regulator announced it had fined Deutsche Bank...
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