Deutsche Bank Slams 'Generalized' Claims In RMBS Dispute

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Deutsche Bank Slams ‘Generalized’ Claims In RMBS Dispute

Deutsche Bank Slams ‘Generalized’ Claims In RMBS Dispute

LAW 360 –

Deutsche Bank National Trust Co. on Friday knocked an amended complaint in a New York federal suit accusing it of failing to protect investors from over $1 trillion in losses due to poorly underwritten residential mortgage-backed securities, arguing in a memorandum supporting a motion to dismiss that there weren’t sufficient allegations of “actual knowledge.”

BlackRock Inc. claims that Deutsche Bank knew that 62 Delaware statutory trusts created between 2004 and 2008 contained faulty loans that did not conform to representations and warranties by the originators and…

[LAW 360]

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