NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Deutsche Bank AG (NYSE:DB) resulting from allegations that Deutsche Bank may have issued materially misleading business information to the investing public.
On May 1, 2016, various news outlets reported that the United Kingdom’s Financial Conduct Authority (“FCA”) sent a letter to Deutsche Bank accusing it of having “serious” and “systemic” failings in its controls against financing terrorism, money laundering, aiding against international sanctions, and committing financial crimes. The FCA stated that its investigation uncovered, among other things, incomplete documentations, lack of monitoring, and influencing staff to take actions related to specific clients, which all amounted to a “serious” and “systemic” controls failure. On this news, shares of Deutsche Bank fell $1.62 per share or over 9% over the next two trading days to close at $17.34 per share on May 3, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Deutsche Bank investors. If you purchased shares of Deutsche Bank on or before April 29, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-893.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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