Citigroup (C), Deutsche Bank (DB) Sued Over Mortgage Securities

Bloomberg News reports that Allstate Corporation (ALL) has sued units of Citigroup Inc. (C) and Deutsche Bank AG (DB) over claims they fraudulently sold hundreds of millions of dollars of high-risk mortgage-backed securities. According to Bberg, Allstate, which bought more than $200 million of the securities, backed by residential mortgages, from the Citigroup defendants and [...]