金融公司新闻：德意志银行下令面对次级抵押欺诈诉讼的一部分

美国地方法院法官说，德意志银行AG（DB）必须面对抵押欺诈案的一部分，指控德国银行购买了超过540万美元的优先证券。bob200体育原告由两个人和贝尔蒙特·控股公司（Belmont Holdings Corp.）领导，声称德意志银行将其接触到次级抵押贷款市场。

Judge Doborah Batts turned down the bank’s bid to throw out claims related to about $2.55B of securities sold in 11/07 and 2/08. She did, however, dismiss claims involving $2.9B of securities sold in 5/07, 7/07, and 5/08. Investors claim that Deutsche Bank should have notified them in offering documents that it had significant exposure to subprime markets via collateralized debt obligations and residential mortgage-backed securities. They believe that early notification could have prevented them from purchasing the preferred securities before their values dropped, resulting in billions of dollars of losses.

Batts had originally dismissed the entire case in 2012 and her ruling was upheld by a federal appeals court in Massachusetts. However, last year, the U.S. Supreme Court ruled that issuers could be found liable when offering statements leave out material facts that are in conflict with what a “reasonable investor” might have extrapolated from the actual statement. An appeals court told Batts to look at the case again.

Now, she is saying that the investors plausibly alleged that Deutsche Bank was aware that it was incurring huge subprime losses but may have hidden this fact.

The SSEK Partners Group represents investors that have sustained losses due to mortgage fraud. Contact us today.

在其他抵押支持证券新闻中，纽约州最高法院法官拒绝抛bob200体育出针对摩根士丹利（MS）和美国银行Corp. (BAC)over $32M in notes from a CDO that had bundled toxic MBSs. Judge Jeffrey Oing decided not to dismiss claim accusing the bank of misrepresenting both the the equality of assets in the $500M collateralized debt obligation issue and the risk of loss involving the notes that investors bought in 2007.

Deutsche Bank Subprime Case Pulled From Abyss, Courthouse News Service, July 26, 2016

摩根士丹利银行必须面对抵押证券的欺诈诉讼bob200体育, Reuters, August 2, 2016