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The lawsuit comes a day after the U.S. Department of Justice sued the German bank for more than $1 billion, claiming it lied while arranging federal insurance on faulty mortgages. Deutsche Bank’s MortgageIT unit falsely certified that it was examining default risks while qualifying loans for Federal Housing Administration insurance, according to the government.
Deutsche Bank Sued by L.A. for Evicting Low-Income Tenants
Seeded on Wed May 4, 2011 1:16 PM EDT
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