SOURCE: Tramont, Guerra & Nunez, P.A.

April 16, 2009 09:00 ET

Notice to All Deutsche Bank AG Contingent Capital Trust III Investors From the Securities Law Firm of Tramont Guerra & Nunez, PA

CORAL GABLES, FL--(Marketwire - April 16, 2009) - The Securities Law Firm of Tramont Guerra & Núñez, 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 & Núñez, 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

Contact Information

  • Contact:
    David Chacin, Esquire
    2100 Ponce De Leon Blvd, Penthouse II
    Coral Gables, Florida 33431
    (800) 578-0137
    Email Contact