The settlement includes persons or entities that purchased or otherwise acquired Certificates (listed below) in the Deutsche Alt-A Securities Mortgage Loan Trust 2006-AR5 and Deutsche Alt-B Securities Mortgage Loan Trust 2006-AB4 from May 1, 2006 through May 30, 2007, inclusive, and who were damaged thereby.
DBALT 2006-AR5 IA1, DBALT 2006-AR5 IA2, DBALT 2006-AR5 IA3, DBALT 2006-AR5 IA4, DBALT 2006-AR5 IM1, DBALT 2006-AR5 IM2, DBALT 2006-AR5 IM3, DBALT 2006-AR5 IM4, DBALT 2006-AR5 IM5, DBALT 2006-AR5 IM6, DBALT 2006-AR5 IM7, DBALT 2006-AR5 IM8, DBALT 2006-AR5 IM9, DBALT 2006-AR5 IM10, DBALT 2006-AR5 II1A, DBALT 2006-AR5 IIM, DBALT 2006-AR5 IIB1, DBALT 2006-AR5 IIB2, DBALT 2006-AR5 IIPO, DBALT 2006-AR5 IIX2, DBALT 2006-AR5 II2A, DBALT 2006-AR5 IIX1, DBALT 2006-AR5 II3A, DBALT 2006-AB4 A1A, DBALT 2006-AB4 A1B1, DBALT 2006-AB4 A1B2, DBALT 2006-AB4 A1C, DBALT 2006-AB4 A2, DBALT 2006-AB4 A3, DBALT 2006-AB4 A3A1, DBALT 2006-AB4 A3A2, DBALT 2006-AB4 A4A, DBALT 2006-AB4 A4B, DBALT 2006-AB4 A4C, DBALT 2006-AB4 A5, DBALT 2006-AB4 A6A1, DBALT 2006-AB4 A6A2, DBALT 2006-AB4 A7, DBALT 2006-AB4 M1, DBALT 2006-AB4 M2, DBALT 2006-AB4 M3, DBALT 2006-AB4 M4, DBALT 2006-AB4 M5, DBALT 2006-AB4 M6, DBALT 2006-AB4 M7, DBALT 2006-AB4 M8, DBALT 2006-AB4 M9, DBALT 2006-AB4 M10, DBALT 2006-AB4 M11, DBALT 2006-AB4 M12, DBALT 2006-AB4 M13, DBALT 2006-AB4 M5=14

July 11, 2012 - The court approved the settlement, entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissed the action with prejudice.

March 29, 2012 - The court preliminarily approved the settlement.

March 26, 2012 - Parties filed a stipulation of settlement.

December 23, 2010 - The court denied the defendants' motion to dismiss.

September 14, 2010 - The defendants filed a motion to dismiss.

May 24, 2010 - The lead plaintiff filed a second amended complaint.

April 6, 2010 - The court granted in part and denied in part the defendants' motion to dismiss.

November 6, 2009 - The defendants filed a motion to dismiss.

June 18, 2009 - The lead plaintiff filed an amended complaint.

May 7, 2009 - The lead plaintiff and lead counsel were appointed.

May 5, 2009 - A lead plaintiff motion was filed.

January 8, 2009 - The court denied the plaintiff's motion to remand.

October 2, 2008 - The plaintiff filed a motion to remand to state court.

August 5, 2008 - The court was transferred to the U.S. District Court for the Southern District of New York.

June 17, 2008 - An investor in shares of Mortgage Pass-Through Certificates of Deutsch Alt-A Securities Inc, filed a lawsuit in the Supreme Court of the State of New York against Deutsch Alt-A Securities Inc over alleged violations of Federal Securities Laws pursuant and/or traceable to the false and misleading registration statement and prospectus supplements issued in connection therewith by Deutsche Alt-A Securities Inc between May 2006 and May 2007.

Deutsche Alt-A Securities Inc is a Delaware corporation formed in 2002 for the purpose of acquiring and owning mortgage loan assets and selling interests in them. Deutsche Alt-A Securities Inc is a subsidiary of DB Structural Products Inc and is a special purpose corporation.

On May 1, 2006, Deutsche Alt-A Securities Inc and the Defendant Issuers caused a Registration Statement to be filed with the Securities and Exchange Commission in connection with and for the purpose of issuing hundreds of millions of dollars of Certificates. The Certificates were issued pursuant to Prospectus Supplements, each of which was incorporated into the Registration Statement. The Certificates were supported by pools of mortgage loans generally secured by liens on residential properties, including conventional and adjustable rate mortgage loans. The Registration Statement was false and misleading because it included false
statements and/or omissions about (i) the underwriting standards purportedly used in connection with the underwriting of the underlying mortgage loans; (ii) the maximum loan-to-value ratios used to qualify borrowers; (iii) the appraisals of properties underlying the mortgage loans ; and (iv) the debt-to-income ratios for applicants associated with the underlying mortgage loans.

As a result of the false and misleading statements in the Registration Statement, the Certificates were sold to investors, which the investors would not have purchased had the true facts been disclosed. In fact, the Certificates were secured by assets with a dramatically greater risk profile than represented in the Registration Statement. By failing to disclose the truth about the underlying assets, defendants were able to obtain superior ratings on the Certificates, which ratings would not have been obtained for these tranches or classes without the misrepresentations/omissions in the Registration Statement about the underlying mortgage loans as detailed herein.

By the fall of 2007, the truth about the mortgage loans that secured the Certificates began to be revealed to the public. As a result, the Certificates are no longer marketable at prices anywhere near the price paid by plaintiff and the Class and the holders of the Certificates are exposed to much more risk with respect to both the timing and absolute cash flow to be received than the Registration Statement/Prospectus Supplements represented.