Cahill Secures Dismissal of Ponzi Scheme Claims for Deutsche Bank

September 30, 2025

Cahill successfully secured the full dismissal of a lawsuit against Deutsche Bank AG arising from a Ponzi scheme. Plaintiff liquidators alleged that Deutsche Bank facilitated the fraud by providing financial services to individuals and entities later revealed to be associated with the Ponzi scheme. They asserted a single claim of fraudulent trading under Section 147 of the Cayman Islands Companies Act against Deutsche Bank, seeking approximately $200 million in damages.

On September 30, 2025, Judge Dale E. Ho of the U.S. District Court for the Southern District of New York granted Deutsche Bank’s motion for summary judgment and dismissed plaintiffs’ fraudulent trading claim. Judge Ho agreed with Deutsche Bank’s arguments and found that because the bankrupt company represented by the liquidators orchestrated the underlying fraud, the liquidators were precluded from suing third-party Deutsche Bank to recover for the wrongdoing in which the company participated.