Investigation Overview
An investigation on behalf of investors of Deutsche Bank Aktiengesellschaft (NYSE: DB) shares over potential securities laws violations by Deutsche Bank Aktiengesellschaft and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Deutsche Bank Aktiengesellschaft (NYSE: DB) concerning whether a series of statements by Deutsche Bank Aktiengesellschaft (NYSE: DB regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On November 29, 2018, an article was published titled, Deutsche Bank Offices Are Searched in Money Laundering Investigation, stating that '[o]ne hundred seventy officers searched the headquarters of Deutsche Bank in Frankfurt and five other sites in the area early Thursday as part of a money-laundering investigation involving hundreds of millions of euros.' The article further stated that '[t]wo employees, who were not publicly identified but whose ages were given as 50 and 46, and other 'unidentified people in positions of authority' are suspected of failing to report possible money laundering for transactions worth 311 million euros, or more than $350 million.'
Shares of Deutsche Bank Aktiengesellschaft (NYSE: DB) declined on December 4, 2018 to $9.02 per share.