We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Deustche Bank Says Omnicare Can't Revive Class Action

Law360, New York (July 28, 2015, 4:28 PM EDT) -- The U.S. Supreme Court’s recent Omnicare ruling does not provide grounds to revive a shareholder suit against Deutsche Bank AG over an undisclosed €20 billion ($22.1 billion) exposure to risky mortgage-backed securities, attorneys for the bank and certain underwriters told a New York federal judge Monday.

The facts of the Omnicare case are different from what was alleged in the Deutsche Bank matter, while lower courts' decisions to dismiss the claims against Deutsche Bank are consistent with what the Supreme Court ultimately held in the March ruling, attorneys for the banks wrote.

The filing comes in response to an order from...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Subscribers Only

Date Filed

February 24, 2009

Law Firms

Companies

Government Agencies