NEW YORK, Nov. 30, 2018 /CNW/ -- Pomerantz LLP is investigating claims on behalf of investors of Deutsche Bank Aktiengesellschaft ("Deutsche Bank" or the "Company") (NYSE: DB). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns whether Deutsche Bank and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On November 29, 2018, German authorities raided six Deutsche Bank offices in and around Frankfurt in connection with an investigation into an alleged money laundering scheme carried out within the Company's wealth management division. The raid involved more than 170 police officers, prosecutors, and tax inspectors, and focused on the activities of two Deutsche Bank employees who allegedly helped clients establish offshore companies in order to launder money.
Following news of the raids, Deutsche Bank's stock price fell $0.47, or 4.75%, to close at $9.42 on November 29, 2018.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, 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
888-476-6529 ext. 9980
SOURCE Pomerantz LLP