NEW YORK, May 2, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Deutsche Bank AG ("Deutsche Bank" or the "Bank") (NYSE: DB). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 237.
The investigation concerns whether Deutsche Bank and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On May 1, 2016, Bloomberg reported that the United Kingdom's Financial Conduct Authority ("FCA") had completed an anti-money-laundering review of the Bank and on March 21, 2015 sent the Bank a letter summarizing its findings, which faulted Deutsche Bank for "serious" lapses in efforts to thwart money laundering. FCA examiners criticized the bank's ability to verify some clients' identities and goals, or ensure that it wasn't aiding organizations subject to international sanctions.
On this news, Deutsche Bank shares have fallen as much as $0.76, or 4.01%, to $18.20 during intraday trading on May 2, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP