Skip to Content

Cases & Investigations
Deutsche Bank, A.G. Securities Litigation

Overview
Overview

Type: Notable Cases

Case Number: 98 CIV. 8460 (JGK)

Class Period: October 26, 1998 and November 20, 1998

Court: United States District Court for the Southern District of New York

Settlement Amount: $58,000,000

In Buxbaum v. Deutsche Bank, A.G., No. 98 Civ. 8460 (JGK) (S.D.N.Y.), Wolf Popper recovered $58 million as co-lead counsel in a major securities fraud action against Deutsche Bank, A.G. and its senior officer.  The action alleged that Deutsche Bank defrauded Bankers Trust shareholders by misrepresenting the status of takeover negotiations for Deutsche Bank to acquire Bankers Trust.  The District Court’s opinion denying defendants’ motion to dismiss is reported at Fed. Sec. L. Rep. (CCH) ¶90,969 (S.D.N.Y. 2000).  The decision denying defendants’ motion for summary judgment is reported at 2002 U.S. Dist. LEXIS 1893 (S.D.N.Y., Jan. 30, 2002).  The $58 million recovery, obtained on the eve of trial, was equivalent to approximately 48% of the class’ maximum possible recovery, and approximately 96% of the class’ most likely recovery.

Contact Instructions
Email: outreach@wolfpopper.com
Case Inquiries
Cases & Investigations:

Related Practice Areas

  1. Securities Litigation

Documents & Links

  1. Justia Law

You may share a link to this page on any of the sites listed below or send link via email:

This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Privacy Notice.

Accept & Hide Message