Deutsche Bank Investors' Suit Over Epstein, Others Survives
By Stewart Bishop (May 19, 2022, 4:12 PM EDT) -- A New York federal judge on Wednesday refused to dismiss a proposed securities class action against Deutsche Bank that claims the bank's stock price plunged over the management of its dealings with bad actors, including notorious sex offender Jeffrey Epstein, but released two executives from the suit.
After holding a hearing over a dismissal motion from Deutsche Bank AG on Monday in Manhattan, U.S. District Judge Jed Rakoff partially granted it, dropping former Chief Financial Officer Marcus Schenck and current CFO James von Moltke from the action, but kept the suit alive in all other respects.
Judge Rakoff issued his ruling...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!