Deutsche Bank as judge to quash $330m RMBS lawsuit

Deutsche Bank has asked a New York judge to quash a revived lawsuit brought by HSBC over $330m in losses stemming from toxic residential mortgage-backed securities, suggesting that the suit cannot be brought twice since the appeals court has already found the claims to be untimely.

By Stewart Bishop (December 15, 2015, 7:21 PM EST) -- A Deutsche Bank AG unit on Tuesday asked a New York judge to quash a revived lawsuit brought by HSBC Bank USA NA over $330 million in losses stemming from toxic residential mortgage-backed securities, saying appeals courts have already found the claims to be untimely....

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