Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit against Deutsche Bank AG

Coughlin Stoia Geller Rudman & Robbins LLP (“Coughlin Stoia”) (http://www.csgrr.com/cases/deutschepfd760/) today announced that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of persons who acquired the 7.60% Trust Preferred Securities of Deutsche Bank Contingent Capital Trust III (the “Securities”) (NYSE:DTK) pursuant or traceable to a materially false and misleading registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the February 2008 offering of the Securities (the “Offering”).

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Darren Robbins of Coughlin Stoia at 800/449-4900 or 619/231-1058, or via e-mail at [e-mail]. If you are a member of this class, you can view a copy of the complaint as filed or join this class action online at http://www.csgrr.com/cases/deutschepfd760/. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

The complaint charges Deutsche Bank AG (“DB” or the “Company”), certain of its subsidiaries, its senior insiders, its auditors and the investment banks that underwrote the Offering with violations of the Securities Act of 1933. DB is an investment bank headquartered in Frankfurt am Main, Germany, which has offices in the United States.

The complaint alleges that in February of 2008, DB consummated the Offering pursuant to the false and misleading Registration Statement, selling 70 million shares of the Securities at $25 per share for proceeds of $1.75 billion. The Registration Statement incorporated DB’s financial results for 2007 and statements in the Company’s 2006 Annual Report on Form 20-F filed with the SEC.

After the Offering, on January 14, 2009, DB issued a press release announcing disappointing fourth quarter 2008 financial results, including a loss after taxes of €4.8 billion, reflecting market conditions that severely impacted results in the sales and trading businesses, “most notably in Credit Trading including its proprietary trading business, Equity Derivatives and Equities Proprietary Trading.” As a result of this disclosure, the price of the Securities fell dramatically.

According to the complaint, the true facts which were omitted from the Registration Statement were: (a) the Company failed to properly record provisions for credit losses, residential mortgage-backed securities, commercial real estate loans, and exposure to monoline insurers; (b) the Company’s internal controls were inadequate to prevent it from improperly recording provisions for credit losses, residential mortgage-backed securities, commercial real estate loans, and the Company’s exposure to monoline insurers; (c) the Company’s internal risk management systems were inadequate to limit the Company’s exposure to credit trading, equity derivatives, and proprietary equity trading; and (d) the Company was not as well capitalized as represented.

Plaintiff seeks to recover damages on behalf of all persons who acquired the Securities pursuant or traceable to the Registration Statement issued in connection with the Offering (the “Class”). The plaintiff is represented by Coughlin Stoia, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.

Coughlin Stoia, a 190-lawyer firm with offices in San Diego, San Francisco, Los Angeles, New York, Boca Raton, Washington, D.C., Philadelphia and Atlanta, is active in major litigations pending in federal and state courts throughout the United States and has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of human rights violations. The Coughlin Stoia Web site (http://www.csgrr.com) has more information about the firm.