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Portnoy Law: Lawsuit Filed On Behalf of Deutsche Bank Investors

·2 min read

Investors with losses of $100,000 or more are encouraged to contact the firm

LOS ANGELES, July 16, 2020 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Deutsche Bank Aktiengesellschaft ("Deutsche Bank" or the "Company") (NYSE: DB) investors that acquired securities between November 7, 2017 and July 6, 2020 (the, “Class Period”).

Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.

According to the complaint filed in this lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Deutsche Bank had failed to remediate deficiencies related to its anti-money laundering (AML) compliance, its disclosure controls, procedures, and internal control over financial reporting, and its U.S. operations' troubled condition; (2) 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 and two correspondent banks, Danske Estonia and FBME Bank, which were both the subjects of prior scandals involving financial misconduct; (3) the foregoing, once revealed, was foreseeably likely to have a material negative impact on the Bank's financial results and reputation; and (4) as a result, the Bank's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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