Justice Department Amends Complaint Against Deutsche Bank

On August 22, 2011, the U.S. Department of Justice filed an amended complaint against Deutsche Bank, alleging additional details about Deutsche Bank’s acquisition of MortgageIT, Inc. in 2007. The amended complaint contains allegations regarding DB’s due diligence preceding the transaction and the integration of the mortgage unit into the bank. It also adds claims against two additional DB units, DB Structured Products Inc. and Deutsche Bank Securities Inc. The suit asserts claims under the False Claims Act and for breach of fiduciary duty, negligence, gross negligence, and indemnification. Amended Complaint.