{"id":5542,"date":"2014-01-02T00:00:00","date_gmt":"2014-01-02T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/01\/deutsche_bank_ag_settles_share"},"modified":"2022-05-05T08:48:16","modified_gmt":"2022-05-05T13:48:16","slug":"deutsche-bank-ag-settles-share","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/deutsche-bank-ag-settles-share\/","title":{"rendered":"Deutsche Bank AG Settles Shareholder Lawsuit Over Mortgage Debt"},"content":{"rendered":"

Deutsche Bank AG (DB) has settled a securities lawsuit <\/a>filed by shareholders accusing the financial institution of misrepresenting the degree of risk it could manage related to mortgage debt before the financial crisis of 2008. The deal, of which the terms have not yet been revealed, were disclosed in a filing made by the firm\u2019s lawyers in the U.S. District Court in Manhattan.<\/p>\n

Shareholders, including two mutual funds and the Building Trades United Pension Trust Fund of Elm Grove, claim Deutsche Bank misled them about the management of risk and the underwriting on the mortgage debt that it put together and sold. They also contend that the firm was too slow to take write-downs. They believe that this resulted in an 87% decline in the bank\u2019s share price between May 2007 and January 2009.<\/p>\n

They also claim that Deutsche Bank maximized its profit at risk to investors, even as it failed to appraise these customers of the risks they were taking on. When the financial markets failed, it was investors that ended up paying the price.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Deutsche Bank AG (DB) has settled a securities lawsuit filed by shareholders accusing the financial institution of misrepresenting the degree of risk it could manage related to mortgage debt before the financial crisis of 2008. The deal, of which the terms have not yet been revealed, were disclosed in a filing made by the firm\u2019s […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3818,3752,4001],"tags":[],"class_list":["post-5542","post","type-post","status-publish","format-standard","hentry","category-deutsche-bank","category-financial-firms","category-mortgage-fraud"],"yoast_head":"\nDeutsche Bank AG Settles Shareholder Lawsuit Over Mortgage Debt — Investor Lawyers Blog — January 2, 2014<\/title>\n<meta name=\"description\" content=\"Deutsche Bank AG (DB) has settled a securities lawsuit filed by shareholders accusing the financial institution of misrepresenting the degree of risk it — January 2, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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