Deutsche Bank To Settle Epstein-Related Investor Lawsuit For $26.25M

Mealey's (September 27, 2022, 2:22 PM EDT) -- NEW YORK — Deutsche Bank AG will pay $26.25 million to settle claims that the bank and certain of it senior executives issued misrepresentations in violation of federal securities laws regarding its know-your-customer (KYC) policies and procedures, while allowing individuals such as Jeffrey Epstein to continue banking with Deutsche Bank, according to an unopposed motion for preliminary approval of the settlement filed in New York federal court....