Second Circuit Tosses Deutsche Bank Shareholder Class Action

, The Litigation Daily


Handing a win to lawyers at Cahill and Skadden, the Second Circuit affirmed Wednesday that its 2011 decision in Fait v. Regions Financial dooms a long-running securities class action against Deutsche Bank AG and a half-dozen big underwriting banks.

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What's being said

  • Mitchito Ritter

    Buyer beware...buyer be more aware...
    Until there were no buyers left ever more.

    Libertarians are fine with self-regulation of
    white collar crime. Not so much with blue collar
    or red neck crime.

    Tea baggers point out the federal regulatory system of
    financial services and speculation is broken. Their
    solution is not to fix it, but to do away with it.

    We shall see whether full faith & trust is extended to
    self-regulated or unregulated markets.

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