NU Online News Service, Feb. 23, 12:52 p.m. EST
Allstate Corp. has filed another lawsuit related to mortgage-backed securities in an attempt to get back what the insurer thinks it is owed.
Citigroup and Deutsche Bank are now targeted by Allstate. The lawsuit filed Feb. 17 in New York alleges the banks violated state fraud and misrepresentation laws as well as federal securities laws. The banks omitted information or gave untrue statements about the quality of the mortgages, Allstate said.
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