Judge: Claims In Securities Class Action Fail Based On 2nd Circuit Precedent

Judge: Claims In Securities Class Action Fail Based On 2nd Circuit Precedent

NEW YORK - Pursuant to Second Circuit U.S. Court of Appeals precedent, lead plaintiffs in a securities class action lawsuit against Deutsche Bank AG (DB), certain senior insiders and others have failed to plead their federal securities law claims because they have not shown that, in violation of federal securities law, the defendants knowingly issued their misstatements regarding loan loss reserves and estimates of goodwill, a federal judge in New York ruled Aug. 10 (In re Deutsche Bank AG Securities Litigation, No. 09-1714, S.D. N.Y.). View related prior history, 2011 U.S. Dist. LEXIS 93867

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