FORECLOSURE RELATED SUITS & Government Suits Against Deutsche
Is there anything DEUTSCHE BANK won't due for a quick buck? ASK Management Board Members: Jürgen Fitschen, Anshu Jain, Stefan Krause, Stephan Leithner, Stuart Lewis, Rainer Neske, Henry Ritchotte or former CEO Josef Ackermann.
NEW YORK | Thu Sep 6, 2012 6:29pm EDT
(Reuters) - Federal energy regulators have asked Deutsche Bank Energy Trading LLC to provide proof that it did not manipulate California energy markets or face a $1.5 million fine, the regulator said in an order issued on Wednesday.
The U.S. Federal Energy Regulatory Commission (FERC) alleged that the bank's energy trading unit "engaged in manipulation and submitted false information in connection with its trading" at the 17 megawatt Silver Peak interconnection in the California ISO between January 29, 2010 and March 24, 2010. (full article at http://www.reuters.com/article/2012/09/06/us-deutschebank-ferc-manipulation-idUSBRE8851CB20120906)
www.scribd.com/.../Rought-v-Deutsche-National-Trust-Company-Tr...Illegal foreclosure and breaking and entering by Deutsche partner Field Asset Services. Complaint filed for Trespass, Conversion, Negligence, Negligent and Intentional Infliction of Emotional Distress, Invasion of Privacy, Wrongful Foreclosure, Violations of Michigan Consumer Protection and Anti-Lockout Statutes.
Rought v Deutsche (News Story)
FORECLOSURE PROPERTIES NOT BEING MAINTAINED
LOS ANGELES SUES DEUTSCHE BANK OVER FORECLOSURE BLIGHT
City of Cincinnati Files Lawsuit Against Deutsche Bank/Wells Fargo
CINCINNATI: The City of Cincinnati filed a lawsuit against Deutsche Bank National Trust Company and Wells Fargo, N.A. The lawsuit alleges that many of the properties owned by these entities, as well as their business practices relating to their refusal to maintain their properties to the minimum standards required by law, are statutory and common law public nuisances. The City has sought recovery of fees, fines, costs for demolition and barricade, punitive damages, remedial action and injunctive relief. The City’s lawsuit will hold these financial institutions to the same community standard for maintaining properties to which we hold our citizen property owners. The lawsuit will partially address the issues of blight that have impacted our neighborhoods in the midst of the foreclosure crisis in Cincinnati. The failure to maintain abandoned and foreclosed properties has worked a hardship on both our City and our state. This lawsuit is one attempt to end the abuse of our local neighborhoods and the loss of value associated with the foreclosure crisis.
Over the past three years, the City of Cincinnati and its departments have made several attempts to communicate with Deutsche Bank and Wells Fargo regarding the hundreds of properties and buildings they own throughout the City that were and are in violation of City health and housing codes. These parties have consistently failed to take responsibility for the maintenance and upkeep of such properties. Deutsche Bank and Wells Fargo have denied ownership of these properties and have consistently refused service of process and ignored summonses, orders, citations and notices of violations from City Departments. “ These banks are externalizing the costs of their liabilities while profiting from their unlawful behavior. Such behavior and misconduct has made the task of addressing the problem of blighted and nuisance properties in our neighborhoods all the more onerous”, said John Curp, City Solicitor. The City’s lawsuit is one step in ending the blighted condition of City neighborhoods affected by poor lending and banking practices. Contacts: Paula Boggs Muething 513.352.4551, Tiffany Hardy 513.352.5377/Cell 240.4387
US GOVERNMENT SUES DEUTSCHE BANK
LOS ANGELES-- May 3, 2011----By Nathaniel Popper, Los Angeles Times
Reporting from New York — The federal government is seeking more than $1 billion from Deutsche Bank in a fraud lawsuit that could open a new front in a campaign to punish companies that churned out the low-quality mortgages blamed for sparking the financial crisis. The lawsuit filed Tuesday in Manhattan federal court says the German financial giant's New York-based home lender, MortgageIT, recklessly approved 39,000 mortgages for government insurance from 1999 to 2009 "in blatant disregard" of whether borrowers could make the required monthly payments. SEE: http://articles.latimes.com/2011/may/03/business/la-fi-deutsche-bank-20110504
Class Action Against Banks Including Deutsche
http://www.lawyersandsettlements.com/blog/tag/deutsche-bank AND http://www.lawyersandsettlements.com/case/banks-foreclosure-proceedings-class-action-bank.html
Private Mortgage Fraud Investigator Zeroes In on Deutsche Bank
"Deutsche Bank is named as the trustee on nearly 50 percent of the fraud investigations we have done in the past six months," says Stephen Dibert, president of MFI-Miami, an 11-month-old firm he founded in West Palm Beach, FL.”
Lawsuits accuse lenders of sabotaging mortgage modifications: More borrowers are taking banks and loan servicers to court, alleging they were misled when they tried to renegotiate the terms of their loans.
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