Deutsche Bank released from $30m CDO suit

Deutsche Bank has been released from the Aozora Bank lawsuit in a New York appeals court as the judge ruled that Aozora waited too long to bring the action. Deutsche Bank was being sued by Aozora for fraud in June 2013, accusing the German bank of lying over the quality of residential mortgage-backed securities which comprised the assets of a CDO called Blue Edge.

By Stewart Bishop (March 31, 2016, 9:00 PM EDT) -- A New York appeals court on Thursday said it won't resurrect Aozora Bank Ltd.'s lawsuit against Deutsche Bank AG over the Japanese bank's soured $30 million investment in a collateralized debt obligation backed by toxic assets, ruling that Aozora waited too long to bring the action....

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