Royal Park, Deutsche Bank Bring RMBS Trustee Suit To End

Law360 (June 10, 2019, 7:18 PM EDT) -- Royal Park Investments has agreed to end another one of its cases accusing a major bank of dropping the ball as trustee for pre-crisis residential mortgage-backed securities, this time ending claims that it originally brought on behalf of investors in 10 securitization trusts overseen by a Deutsche Bank AG unit.

In New York federal court filings from Thursday, Royal Park Investments SA/NV and Deutsche Bank National Trust Co. stipulated to the voluntary dismissal of the remainder of the former’s 2014 lawsuit that sought to hold the latter liable for more than $3.1 billion in alleged investor losses in the trusts, which...

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