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Deutsche Bank Securities Plaintiffs Seek Lead Status

Law360 (April 28, 2009, 12:00 AM EDT) -- Two plaintiffs are seeking lead plaintiff status in a set of five proposed securities class actions against Deutsche Bank AG alleging that the bank made false and misleading statements about its exposure to residential mortgage-backed securities and commercial real estate losses.

Both Belmont Holdings Corp. and the married couple of Norbert Kaess and Maria Farruggio filed motions on Monday in the U.S. District Court for the Southern District of New York seeking to be appointed lead plaintiff in the case.

Belmont Holdings, a private company that...
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