Deutsche Bank AG is a German multinational investment bank and financial services company.

According to the law firm press release, the lawsuit alleges that Defendants throughout the Class Period issued false and misleading statements to investors and/or failed to disclose that: (1) Deutsche Bank has serious and systemic failings in its controls against financing terrorism, money laundering, aiding against international sanctions, and committing financial crimes; (2) Deutsche Bank’s internal control over financial reporting and its disclosure controls and procedures were not effective; and (3) as a result of the foregoing, Defendants’ statements about Deutsche Bank’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

On October 4, 2016, the court issued an Order appointing lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated Complaint on December 16.

On June 28, 2017, the Court issued an Order granting Defendant's Motions to dismiss and closing this case. Plaintiffs filed a Notice appealing the dismissal on August 17. On May 4, 2018, the Court of Appeals affirmed the decision of the District Court.