Investors Lose Class Cert. Bid In Deutsche Bank MBS Case

Law360, Los Angeles (October 29, 2013, 7:32 PM EDT) -- A New York federal judge on Tuesday denied class certification to shareholders accusing Deutsche Bank AG of touting risky mortgage-backed securities to investors, saying the named plaintiffs are inadequate class representatives and that individual factual questions would likely predominate over common questions.

U.S. District Judge Katherine B. Forrest said the interests of the named plaintiffs may be in conflict with those of other potential class members because they were "in-and-out traders" — that is, they both bought and sold the securities at issue during the class...
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