US Legal Headlines

Dechert Seeks Dismissal of Government’s  Against Deutsche Bank; July 13, 2011; Deutsche Bank is raising what we’ll the „Countrywide Defense“ in its first formal counterattack to the $1 billion False Claims Act suit filed by the federal government, arguing that it shouldn’t be liable for the activity of its MortgageIT subsidiary. In separate litigation, Bank of America has successfully used the same argument to avoid liability for the actions of its Countrywide subsidiary.