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Majority Of Claims Allowed To Proceed In Securities Class Action Lawsuit

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NEW YORK - A union pension fund has properly pleaded most of its federal securities laws claims against Deutsche Bank AG and certain of its executive officers over allegations that the defendants engaged in a scheme to market collateralized debt obligations (CDOs) and residential mortgage-backed securities (RMBS) as safe and conservative even though they knew they were not, a federal judge in New York ruled March 27 in granting in part and denying in part the defendants' motion to dismiss (IBEW...(read more)

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