SAN FRANCISCO, June 07, 2016 (GLOBE NEWSWIRE) -- The following statement is being issued by Hagens Berman Sobol
Shapiro LLP:
To: All persons or entities who purchased or otherwise acquired securities of Deutsche Bank AG
(NYSE:DB) (“Deutsche” or the “Company”) between April 15,
2013 and April 29, 2016.
You have until July 11, 2016 to request
that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead
plaintiff.
If you suffered $200,000 or more in losses in Deutsche
Bank, contact Hagens Berman Sobol Shapiro LLP partner Reed Kathrein, who is leading the firm’s
investigation by calling 510-725-3000, emailing DB@hbsslaw.com or visiting https://www.hbsslaw.com/cases/DB.
Recently, on June 1, 2016, Deutsche announced that Pavel Teplukhin, the Company’s chief country officer for its Russian arm,
will step down effective August 1, 2016. This move followed the abrupt resignation in late April 2016 by Supervisory board
member (Georg Thoma) whom Deutsche’s vice-chairman publicly accused of “overzealousness” and going “too far when he demands even
wider investigations”.
Deutsche and the U.S. Department of Justice commenced investigations beginning in the summer 2015 into billions of dollars of
so-called “mirror trades” occurring during 2011 through early 2015 and whether they illegally enabled Russian clients to launder
funds. In response to Deutsche’s October 29, 2015 announcement of internal policy violations and oversight weaknesses its share
price fell approximately 8%.
Beginning April 14, 2016, there were reports that Deutsche’s internal controls systematically failed and that as much as $10
billion was laundered from Russia during 2012 through 2014. Shortly afterwards, financial-crimes and money laundering
watchdogs in London and New York sent warnings to the Bank.
“Strong internal controls are essential in the bank sector and elsewhere to protect investors by ensuring senior management and
all employees comply with internal policies and procedures as well as with applicable law,” said Hagens Berman partner Reed
Kathrein. “It appears here that Deutsch knew those controls were deficient and covered it up.”
Whistleblowers: Persons with non-public information regarding Deutsche Bank should consider their options to
help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program,
whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by
the SEC. For more information, call Reed Kathrein at 510-725-3000 or email DB@hbsslaw.com.
About Hagens Berman
Hagens Berman is headquartered in Seattle, Washington with offices in 10 cities. The Firm represents investors, whistleblowers,
workers and consumers in complex litigation. More about the Firm and its successes can be found at www.hbsslaw.com. Read the Firm’s Securities Newsletter, and visit the blog. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact: Reed Kathrein, 510-725-3000
