Recent News About Deutsche Bank
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Appellate court rules mortgage lenders can't keep filing foreclosure actions after voluntarily dismissing them
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A state appeals panel has tossed out a foreclosure judgment issued against a Wilmette couple, saying their lender never proved they received the required so-called "acceleraton notice" the bank claimed it had sent.
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The collective action vs Deutsche Bank and others over its maintenance of bank-owned homes in minority neighborhoods has been give new life.
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Nearly 20 fair housing activist organizations are suing Deutsche Bank, alleging it worked to suppress property values in minority neighborhoods across the country by allowing foreclosed homes to fall into disrepair, while maintaining its holdings much better in predominantely white neighborhoods.
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Two Mississippi and Alabama hospitals and the county that includes the cities of Biloxi and Gulfport, Miss., have squared off in Chicago federal court with many of the country’s biggest financial institutions over so-called interest rate swaps — an issue now impacting governments and other public bodies throughout the country, including Chicago’s public schools system.
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The Illinois Supreme Court has ruled unpaid condominium association assessments are not erased through foreclosure, unless the new owner forks over their first post-purchase assessment payment on time, otherwise they have to pick up the tab. The high court’s decision was delivered Dec. 3 by Justice Thomas Kilbride, with the rest of the court concurring.
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A software executive has said a group of investment bankers led him to put his money into a scheme frowned upon by federal tax collectors, but a state appellate court has found, like a trial court before them, that he ran out of time to sue his erstwhile financial advisers at Deutsche Bank and BDO.
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An appellate court has upheld a lower court’s ruling against the granddaughter of business luminary Harold C. Price, rejecting the woman's suit against her attorney and the Katten Muchin Rosenman law firm for legal malpractice based on claims his legal advice caused her to lose $14 million of an $18 million inheritance.
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