https://www.globenewswire.com/news-release/2020/07/16/2063666/0/en/DEUTSCHE-BANK-DEADLINE-ALERT-Faruqi-Faruqi-LLP-Encourages-Investors-Who-Suffered-Losses-Exceeding-250-000-In-Deutsche-Bank-Aktiengesellschaft-To-Contact-The-Firm.html?fbclid=IwAR1DkYLYvugsGsk77EU9cWwjBYoobDz02u4E8QyYRcOen6LT_-3jENUTTd4DEUTSCHE BANK DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $250,000 In Deutsche Bank Aktiengesellschaft To Contact The FirmNEW YORK, July 16, 2020 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Deutsche Bank Aktiengesellschaft (“Deutsche Bank†or the “Companyâ€) (NYSE:DB) of the September 14, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
If you invested in Deutsche Bank stock or options between November 7, 2017 and July 6, 2020 and would like to discuss your legal rights, click here:
www.faruqilaw.com/DB. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.
CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
The lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of all those who purchased Deutsche Bank securities between November 7, 2017 and July 6, 2020 (the “Class Periodâ€). The case, Karimi v. Deutsche Bank Aktiengesellschaft et al., No. 20-cv-08978 was filed on July 15, 2020, and has been assigned to Judge Esther Salas.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that:
(1) Deutsche Bank had failed to remediate deficiencies related to AML, its disclosure controls and 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 (“Epsteinâ€) 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.