Investors Sue Deutsche Bank and its CEO in Wake of Epstein Fine
FRANKFURT/NEW YORK (Reuters) – Investors are suing Deutsche Bank and its CEO Christian Sewing, alleging the bank made false and misleading statements before it agreed to pay a $150 million fine for compliance failures linked to disgraced financier Jeffrey Epstein.
The lawsuit was filed on Wednesday in the U.S. District Court in Newark, New Jersey, and seeks unspecified damages.
It claims shareholders lost money because of Deutsche Bank’s dealings with Epstein, who was implicated in dozens of sexual abuse cases. He died last August at the age of 66 after being found hanging in a Manhattan jail. Read more…………..
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