Law360, Los Angeles (October 17, 2014, 9:14 PM ET) — The Second Circuit on Thursday declined to grant a panel or en banc rehearing of its decision to toss an investor class action alleging Deutsche Bank AG lied about its $27 billion exposure to risky mortgage assets during the financial crisis.

A three-judge appellate panel in July refused to revive the action, finding that the bank’s estimation of its position was a matter of opinion. It held that the plaintiff investors failed to establish that statements from the bank about its exposure to risky residential mortgage-backed…

Source: Law360