Deutsche Bank was Not Prepared for Financial Crisis And Contributed to Public Nuisance, L.A. Charges
May 6, 2011
The city of Los Angeles on Wednesday filed a civil lawsuit against Deutsche Bank and its subsidiaries for failing to maintain the properties of loans that were pooled in non-agency MBS for which the company served as trustee. City Attorney Carmen Trutanich filed the over 200-page complaint, which accused the bank of...