Deutsche Bank Tells Appeals Court $330M MBS Suit Untimely

Law360, New York (November 27, 2013, 4:25 PM EST) -- Allowing a $330 million mortgage-backed securities lawsuit to proceed against Deutsche Bank AG would extend indefinitely the deadline for bringing such actions, the bank's attorney warned a New York state appeals court panel during a hearing Wednesday in the closely watched case.

At issue is when the six-year statute of limitations began to run on investors' claims that Deutsche Bank lied to investors about the quality of the mortgages, such as borrowers' income and property values, it placed in the securities — a question that likely...
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