Deutsche Bank Ag (NYSE:DB) has resolved a lawsuit related to the mortgage backed securities that were sold to investors prior to the U.S. Housing market crisis, according to a Reuters report. The company is said to have misled investors regarding the risk profile of these securities. Deutsche Bank will pay $32.5 million for settling the lawsuit.
The settlement now awaits the approval of the U.S. District Judge. Preliminary papers were filed in a federal court in New York, yesterday. Notably, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards