Southern District Judge Analisa Torres threw out a class action suit against Deutsche Bank, saying the complaint contained allegations “without any indication of what, specifically, plaintiffs allege to be false or misleading.”
The suit, In re Deutsche Bank Aktiengesellshaft Securities Litigation, 16-cv-03495, alleged securities violations over the drop on stock value after the discovery Deutsche allowed a $10 billion fraud that included the laundering of money out of Russia between 2011 and 2015 using a “mirror trade” scheme.
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