Notice to All Deutsche Bank AG Contingent Capital Trust III Investors From the Securities Law Firm of Tramont Guerra & Nunez, PA
April 16 2009 - 9:00AM
Marketwired
The Securities Law Firm of Tramont Guerra & N��ez, PA (TGN)
makes an announcement to all investors in the Deutsche Bank 7.60%
Contingent Capital Trust III (NYSE: DTK) concerning class action
lawsuit (Case No. 09 CV 03075) filed March 30, 2009 in the U.S.
District Court for the Southern District of New York. The
Non-Cumulative Trust Preferred Securities issued by Deutsche Bank
AG (NYSE: DB), was underwritten through a syndication of major Wall
Street firms which included: UBS Securities LLC (NYSE: UBS),
Citigroup Global Markets, Inc. (NYSE: C), Morgan Stanley & Co.
(NYSE: MS) and Banc of America Securities (NYSE: BAC). The class
action lawsuit alleges that registration statements and prospectus
contained "materially false and misleading statements" failed to
properly reflect the true nature of the losses sustained by the
Company in the credit markets. Prospective class members need to
determine which legal process is more suitable for them to recover
investment losses, a class action lawsuit or an individual
securities arbitration claim filed with the Financial Industry
Regulatory Authority (FINRA).
The underwriters are obligated to conduct due diligence of facts
concerning the risks associated with the investment. Many investors
were advised by their financial advisors that these securities were
suitable for current income investment objectives. Brokerage firms
are obligated to give and investors are entitled to rely upon
suitable investment advice in accordance with FINRA sales practice
rules and regulations. Recommendations of unsuitable investments
and/or concentrated investments in the financial sector are both
sales practice violations which form the basis of a securities
arbitration claim filed with FINRA should an investor sustain
damages (losses) as a result. In some cases, shareholders must
"opt-out" as a class member in order to pursue a securities
arbitration claim, otherwise this legal option is not
available.
The Securities Law Firm of Tramont Guerra & N��ez, PA, is a
nationally recognized, Martindale Hubbell "AV" rated securities law
firm. To request a confidential consultation from a TGN attorney
for investment losses that exceed $100,000 from a full service
brokerage account, contact us on our website. To speak directly
with an attorney, call (800) 578-0137 and ask for David Chacin,
Esquire.
Destination URL:
http://www.stockmarketlosslawyer.com/press-releases/class-action-lawsuits-deutsche-iii.htm
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Contact: David Chacin, Esquire 2100 Ponce De Leon Blvd,
Penthouse II Coral Gables, Florida 33431 (800) 578-0137 Email
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