AGs Target Deutsche Bank, BNY Over MBS Trustee Role

Law360, New York (June 13, 2011, 10:13 PM EDT) -- The attorneys general of New York and Delaware have reportedly begun probing Deutsche Bank AG and Bank of New York Mellon Corp. in connection with their role as the two largest trustees of bundled mortgage securities.

New York Attorney General Eric T. Schneiderman and Delaware Attorney General Joseph R. Biden III have sought information from the banks to look into whether the mortgage-backed securities were properly documented and valid, according to a Monday report in the New York Times, which cited two anonymous sources briefed on...
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