Lawsuit for Investors Against Deutsche Bank AG (USA) (NYSE:DB) Alleges Misleading Statements

A lawsuit was filed on behalf of investors in Deutsche Bank AG (USA) (NYSE:DB) shares over alleged securities laws violations and NYSE:DB investors should contact the Shareholders Foundation.

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San Diego, CA -- (SBWire) -- 05/18/2016 --An investor, who purchased shares of Deutsche Bank AG (USA) (NYSE:DB), filed a lawsuit in New York over alleged Securities Laws violations by Deutsche Bank AG in connection with certain allegedly false and misleading statements

Investors who purchased a significant amount of shares of Deutsche Bank AG (USA) (NYSE:DB) have certain options and for certain investors are short and strict deadlines running. Deadline: July 11, 2016. NYSE:DB investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The plaintiff alleges on behalf of purchasers of Deutsche Bank AG (USA) (NYSE:DB) common shares between April 15, 2013 and April 29, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 15, 2013 and April 29, 2016 the defendants issued false and misleading statements to investors and/or failed to disclose that Deutsche Bank AG has serious and systemic failings in its controls against financing terrorism, money laundering, aiding against international sanctions, and committing financial crimes, that Deutsche Bank AG's internal control over financial reporting and its disclosure controls and procedures were not effective, and that 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.

The plaintiff says that on July 22, 2014, an article was published entitled "Deutsche Bank Suffers From Litany of Reporting Problems, Regulators Said", stating that the Federal Reserve Bank of New York found that the Company's U.S. operations suffer from a litany of serious financial-reporting problems that the company has allegedly know about for years but not fixed.

On June 5, 2015, an article entitled "Deutsche Bank Investigating $6 Billion of Possible Money Laundering by Russian Clients" stating that the company is conducting an internal probe into possible money laundering by Russian clients that may involve about $6 billion of transactions over more than four years. On August 3, 2015 an article was published entitled "DOJ Said to Probe Deutsche Bank on Russian Mirror Trades" stating that the U.S. Department of Justice is investigating billions of dollars of trades the Company made on behalf of Russian clients. On September 18, 2015, an article was published entitled "Deutsche Bank to Pull Investment-Banking Operations Out of Russia" stating that the Company is closing its investment-banking operations in Russia amid investigations by regulators from Europe and the U.S. of potential money laundering by the Company's Russian clients and the probing of the adequacy of the company's compliance systems.

On October 29, 2015, an article was published entitled "Deutsche Bank Sets Aside $1.3 Billion, Mostly for Russia Probe", stating that the company set aside $1.3 billion in the third quarter to cover suspected wrongdoing at its Russian equity unit, and that it found violations of internal policies and identified weaknesses in its oversight regime during its probe of the so-called Russian mirror trades.

On March 11, 2016, Deutsche Bank AG announced its 2015 annual report. Deutsche Bank AG reported that its Net Income of over 1.66 billion EUR in 2014 declined to a Net Loss of over 6.79 billion EUR.

Then on April 14, 2016, an article was published entitled "Deutsche Bank Found 'Systemic' Failure in Russia Cash Flight" stating that the company found a "systemic" failure in its internal controls that were designed to prevent money laundering and financial crime, and which allowed a "suspected money-laundering pattern" to pump as much as $10 billion out of Russia from 2012 through 2014.

On April 28, 2016, an article was published entitled "Deutsche Bank's Thoma To Step Down in Wake of Board Clash" stating that Georg Thoma, Chairman of the Supervisory Board of Integrity Committee, who was brought on the board to help improve controls and work through the company's various cases of misconduct, resigned as Chairman of the Committee effective immediately.

On April 28, 2016, Deutsche Bank AG reported its first quarter 2016 financial results. Among other things, Deutsche Bank AG reported that its first quarter Net Income declined from 544 million EUR in 2015 to 213 million EUR in 2016.

On May 1, 2016, it was 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.

Those who purchased shares of Deutsche Bank AG (USA) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

Media Relations Contact

Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com

View this press release online at: http://rwire.com/689719