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Investors Seek Cert. In RMBS Suit After Deutsche 'Smears'

Law360 (March 8, 2018, 2:48 PM EST) -- Two investors alleging Deutsche Bank AG didn’t disclose risks related to residential mortgage-backed securities are asking a New York federal judge to disregard the bank’s “latest smears” and appoint them as lead plaintiffs in their proposed securities class action.

In a motion to certify the class filed Wednesday, Norbert Kaess and Maria Farruggio said they meet all the requirements to be ideal class representatives and lambasted Deutsche’s unusual February motion to disqualify them as lead plaintiffs before the pair had even made their request, calling the...
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