Achtung Baby!  Deutsche stole client, gets sued for nearly $11M

StockJockey's avatar
by StockJockey
Wednesday, September 27, 2006 - 7:00 am

Never mind that some deals get so complicated that partners change faster than you can do-si-do in a square dance.  Ferris Bueller, oops sorry - that’s Ferris Baker Watts Inc. says financial giant Deutsche Bank Securities swooped in and stole an underwriting deal from the homegrown firm—and Ferris wants Deutsche to cough it up the dough they lost.
Over $10 million worth.  Fat chance, baby..

Ferris Baker Watts says Deutsche ‘stole’ client, sues for nearly $11M[Baltimore Business Journal]

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