Deutsche Says It Can Fund Defense From Disputed Trusts

Law360, New York (October 12, 2017, 6:06 PM EDT) -- Deutsche Bank National Trust Co. on Tuesday urged a New York federal judge to toss a proposed class action alleging that it’s improperly dipping into 10 residential mortgage-backed securities trusts it oversees to pay for its defense in a separate suit brought over its handling of those same trusts.

The plaintiff behind both cases is Royal Park Investments SA/NV, which holds certificates in the trusts and which has spent the past three years locked in litigation with Deutsche Bank over the bank’s alleged failure to fulfill...
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Case Title

Royal Park Investments SA/NV v. Deutsche Bank National Trust Company


Case Number

1:17-cv-05916

Court

New York Southern

Nature of Suit

Contract: Other

Judge

Alison J. Nathan

Date Filed

August 4, 2017

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