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Home / Insurance / Investors sue Deutsche Bank, CEO over Epstein's fine

Investors sue Deutsche Bank, CEO over Epstein's fine



(Reuters) – Investors are suing Deutsche Bank and its CEO Christian Sewing, claiming that the bank made false and misleading statements before agreeing to pay a $ 150 million fine for non-compliance linked to harmless CFO Jeffrey Epstein.

was filed Wednesday in the U.S. District Court in Newark, New Jersey, seeking unspecified damages.

It claims that the shareholders lost money due to Deutsche Bank's cooperation with Mr. Epstein, who was involved in dozens of sexual assaults. He died in August last year at the age of 66 after being found hanging in a prison in Manhattan.

New York regulators announced last week that Deutsche Bank would pay the fine for "significant non-compliance" over Epstein and two independent cases. [1

9659002] Deutsche Bank declined to comment on the lawsuit. Last week, it said the settlement showed "the importance of continuing to invest in our controls and improving our capacity against financial crime."

The lawsuit is also referred to as the accused Deutsche Bank's CFO James von Moltke and former CEO John Cryan

The said plaintiff is Ali Karimi, who lives in Connecticut, according to court documents.


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