Deutsche Bank Can't Duck Action Over RMBS Statements

Law360, New York (August 19, 2011, 10:44 PM EDT) -- A federal judge in New York on Friday refused to toss a consolidated class action accusing Deutsche Bank AG of making false and misleading statements about its exposure to residential mortgage-backed securities and commercial real estate losses.

U.S. District Judge Deborah A. Batts dismissed claims related to an October 2006 stock offering, but said the plaintiffs in the six consolidated suits had adequately pled allegations of violations of securities laws related to several other offerings in 2007 and 2008.

"The [consolidated amended complaint] alleges specific facts...
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Case Information

Case Title

Ridge Oak Management, Inc v. Deutsche Bank AG et al


Case Number

1:09-cv-04270

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Deborah A. Batts

Date Filed

April 30, 2009

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