Deutsche Bank used false and misleading statements to sell its 7.60% Noncumulative Trust Preferred Securities, a class action claims in Manhattan Federal Court.
Also sued are Deutsche Bank Capital Funding Trust III, Deutsche Bank Contingent Capital LLC III, UBS Securities LLC, Citigroup Global Markets Inc., Merrill Lynch Pierce Fenner & Smith Inc., Wachovia Capital Markets LLC, Morgan Stanley & Co. Inc., Deutsche Bank Securities Inc., Banc of America Securities LLC, KPMG Deutsche Treuhand-Gesellschaft, KPMG International, Josef Ackermann, Anthony DiIorio, Hugo Banziger, Hermann-Josef Lamberti, Martin Edelmann, Peter Sturzinger, Marco Zimmermann, Detlef Bindert, and Jonathan Blake.
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