Deutsche Bank told to face a $190m US tax fraud case
Deutsche Bank must face a US government lawsuit seeking to recoup $190m from the bank over alleged tax fraud 15 years ago, following Judge Lewis Kaplan's rejection of Deutsche Bank's appeal that the government had waited too long to sue and failed to state a legally sufficient claim. The bank is accused of using shell companies to avoid capital gains tax on Bristol-Myers Squibb Co shares it acquired in late 1999, when it bought a company sitting on a large unrealised gain in the drugmaker.

By Kat Greene (September 24, 2015, 10:06 PM EDT) -- Deutsche Bank AG must face a lawsuit accusing it of trying to avoid paying $190 million in taxes by setting up shell companies, according to a New York federal judge's order Thursday that sided largely with the U.S. government....

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