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In a release, the city attorney's office said that the bank's liability could be in the range of hundreds of millions of dollars, according to the news provider.
In a response statement, Deutsche Bank said that the mortgage lawsuit had been filed "against the wrong party," claiming it was the loan servicers who were actually responsible for the upkeep of the properties and dealing with the tenants.
However, the city attorney claims that the bank, which owns the properties, is therefore responsible for maintaining them, according to the news source.
Deutsche Bank AG is headquartered in Frankfurt, Germany, according to the company's Web site.