Judge dismisses MBS suits against Deutsche Bank

02/7/2012 | Wall Street Journal, The · Reuters · Bloomberg Businessweek

U.S. District Judge Jed Rakoff dismissed lawsuits brought by Dexia and the Teachers Insurance and Annuity Association of America against Deutsche Bank. The plaintiffs alleged that the bank misrepresented the quality of mortgage-backed securities. Rakoff said the lawsuits could be refiled if they focus specifically on MBS produced by the bank.

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Wall Street Journal, The · Reuters · Bloomberg Businessweek

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