Deutsche Bank says faces around 1,000 big lawsuits

It appears that is a common practice of AHMSI. These corporations are so messed up that they do not know what goes on from one department to another. The fact that the gov’t is trying to pass a universal foreclosure act without a clue of how unorganized, incompetent and/or acknowledging how intentionally corrupt the system was created is like patching an elephant.

Justice League

Deutsche Bank says faces around 1,000 big lawsuits

(Reuters) – Deutsche Bank (DBKGn.DE) gave shareholders a sense of the size of its legal and regulatory problems on Thursday, when it said it faced around 1,000 major lawsuits.

Stefan Krause, the bank’s finance chief, said that the bank had paid around 350 million euros ($478 million) in legal advisory fees in 2013 alone as the bank works to free itself from investigations and lawsuits that have followed the financial crisis.

“We are involved currently in around 1,000 suits that have a value of over 100,000 (euros),” Krause told shareholders at the bank’s annual general meeting. He said the total number of lawsuits was more than 6,000.

“We are expecting continued headwinds from legal matters.”

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