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2nd Circ. Sides With Deutsche In Investors' Laundering Case

Law360 (April 13, 2018, 4:18 PM EDT) -- A proposed class of investors can’t revive their suit accusing Deutsche Bank AG of ignoring shortcomings with its internal controls amid an alleged Russian money-laundering scheme, the Second Circuit said Friday, finding they failed to show the bank intended to deceive shareholders when it touted the success of those controls.

A three-judge panel in a summary order affirmed a New York federal court’s decision to toss the suit, saying named plaintiffs Andrei Sfiraiala and Warren Ramanathan hadn’t proved scienter against Deutsche Bank when they claimed the...
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Case Information

Case Title

In Re: Deutsche Bank Aktienges

Case Number



Appellate - 2nd Circuit

Nature of Suit

3850 STATUTES-Secur Comm Exchange

Date Filed

August 17, 2017

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