Deutsche Bank Reaches Deal In MBS Case Tied To $1B Short

Law360, New York (January 2, 2014, 5:54 PM EST) -- Deutsche Bank AG has settled a putative shareholder class action accusing the bank and former principals of touting risky mortgage-backed securities to investors even as top bank executives authorized a star trader to make a $1 billion bet against the notes, according to a Thursday filing in New York federal court.

In a letter to U.S. District Judge Katherine B. Forrest, Deutsche Bank said it has reached a settlement in principle with the investors, which it expects to be finalized within the next 30 days. Terms of...
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Case Information

Case Title

IBEW Local 90 Pension Fund v. Deutsche Bank AG et al

Case Number



New York Southern

Nature of Suit



Katherine B. Forrest

Date Filed

June 21, 2011

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