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Deutsche Bank AG (DB)

NASDAQ:DB

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Deutsche Bank AG To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Deutsche Bank AG (“Deutsche Bank” or the “Company”) (NYSE: DB) of the August 6, 2018 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 March 28, 2017 and April 13,. 2018 and would like to discuss your legal rights, please fill out the form below. 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. 

The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased Deutsche Bank securities between March 28, 2017 and April 13,. 2018 (the “Class Period”).  The case, Zhao v. Deutsche Bank Aktiengesellschaft, et al., No. 18-cv-05104 was filed on June 7, 2018

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making materially false and/or misleading statements and/or failed to disclose that: (1) Deutsche Bank's internal control environment and infrastructure were materially weak and deficient; and (2) as a result, Deutsche Bank's statements about the Company's business and operations were materially false and misleading at all relevant times.

Specifically, on May 31, 2018, the Wall Street Journal reported that the U.S. Federal Reserve has designated Deutsche Bank's U.S. business to be in "troubled condition," citing concerns "about its controls around measuring financial exposure to clients and valuing collateral that backed loans."  The article further reported that the Federal Deposit Insurance Corporation has added Deutsche Bank's subsidiary Deutsche Bank Trust Company Americas to its "problem banks" list of at-risk institutions

After the announcement, Deutsche Banks’s share price fell from $11.57 per share on May 30, 2018 to a closing price of $11.08 on May 31, 2018—a $0.49 or a 4.23% drop.

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  • Case:
    Deutsche Bank AG (DB)
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Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

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Case Details

Date:

  • 06/08/2018

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