Deutsche Leaders, Cleary Named In Bank Investor Suit
Law360 (March 11, 2020, 7:10 PM EDT) -- A Deutsche Bank investor has alleged as part of a sprawling derivative lawsuit filed in New York state court that senior bank leaders once quashed an internal investigation eyeing their potential financial responsibility for past misconduct inside the bank and instead hid behind a "sham" probe spearheaded by Cleary Gottlieb Steen & Hamilton LLP.
In a more than 150-page complaint on Monday, Deutsche Bank AG investor Zahava Rosenfeld accused the troubled German financial giant's current and former top brass of baleful leadership since the financial crisis that has facilitated rampant misconduct, resulted in billions of dollars in fines and settlements and...
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