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Lawsuit filed for Investors in shares of Deutsche Bank Aktiengesellschaft (NYSE: DB)

07-23-2020 12:37 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Deutsche Bank Aktiengesellschaft (NYSE: DB) shares.

A lawsuit was filed on behalf of investors in Deutsche Bank Aktiengesellschaft (NYSE: DB) shares.

An investor, who purchased shares of Deutsche Bank Aktiengesellschaft (NYSE: DB), filed a lawsuit in the U.S. over alleged Securities Laws violations by Deutsche Bank Aktiengesellschaft in connection with certain allegedly false and misleading statements made between November 7, 2017, and July 6, 2020.

Investors who purchased shares of Deutsche Bank Aktiengesellschaft (NYSE: DB) have certain options and for certain investors are short and strict deadlines running. Deadline: September 14, 2020. NYSE: DB investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On May 13, 2020, media outlets reported that the Federal Reserve Bank of New York had sharply criticized Deutsche Bank's U.S. operations in an internal audit. The audit reportedly found that Deutsche Bank had failed to address multiple concerns identified years earlier, and the Federal Reserve Bank of New York continues to rate Deutsche Bank at the second-worst grade on the regulator's ratings scale.

Then, on July 7, 2020, the Federal Reserve's criticism of Deutsche Bank's failure to address its AML and other issues was reaffirmed when the New York State Department of Financial Services fined the Bank $150 million for neglecting to flag numerous questionable transactions from accounts associated with Epstein and with two correspondent banks, Danske Estonia and FBME Bank, both of which were the subjects of prior scandals involving financial misconduct.

The plaintiff claims that between November 7, 2017, and July 6, 2020, the Defendants made false and/or misleading statements and/or failed to disclose that Deutsche Bank had failed to remediate deficiencies related to AML, its disclosure controls, procedures, and internal control over financial reporting, and its U.S. operations' troubled condition, that as a result, the Bank failed to properly monitor customers that the Bank itself deemed to be high risk, including, among others, the convicted sex offender Jeffrey Epstein ("Epstein") and two correspondent banks, Danske Estonia and FBME Bank, which were both the subjects of prior scandals involving financial misconduct, that the foregoing, once revealed, was foreseeably likely to have a material negative impact on the Bank's financial results and reputation, and that as a result, the Bank's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Deutsche Bank Aktiengesellschaft (NYSE: DB) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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