BOSTON, MA / ACCESSWIRE / June 25, 2018 / Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, reminds investors that a class action lawsuit has been filed against Deutsche Bank ("DB" or the "Company") (NYSE: DB) and certain of its officers and directors alleging violations of the federal securities laws. Investors interested in learning more about their legal rights to participate in the action are encouraged to contact Block & Leviton.
On May 31, 2018, The Wall Street Journal released a report stating that the Federal Reserve designated DB's US business to be in "troubled condition" sometime last year - one of the lowest designations used by the Federal Reserve. According to the Journal, the bank's troubled condition has contributed to constraints on its operations. In addition, Standard & Poor's Ratings downgraded the Company's long-term credit rating from A- to BBB+, citing "deeper execution risks and restructuring of the business model than … previously expected." According to the report, the FDIC has added the Company to its "Problem Banks" list of at-risk institutions.
On this news, the Company's stock plunged roughly 8% on May 31, 2018.
If you purchased or otherwise acquired DB securities and have questions about your legal rights or possess information relevant to this investigation, you are encouraged to contact attorney John DeFelice at (888) 868-2385, by email at john@blockesq.com or by visiting http://shareholder.law/db.
Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nations' largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.
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CONTACT:
BLOCK & LEVITON LLP
John DeFelice
(617) 398-5600 phone
155 Federal Street, Suite 400
Boston, MA 02110
john@blockesq.com
SOURCE: Block & Leviton LLP
