Deutsche Bank and Wells Fargo have urged a New York federal judge to dismiss a series of lawsuits filed by BlackRock accusing the company of causing billions of dollars in of losses related to mortgage - backed securities during the financial crisis . The banks argue that the court has jurisdiction over most of BlackRock ’s claims .
Deutsche Bank and Wells Fargo have urged a New York federal judge to dismiss a pair of lawsuits filed by BlackRock accusing the banks of causing billions of dollars in of losses related to mortgage-backed securities during the financial crisis. The banks argue that the court lacked jurisdiction over most of BlackRock’s claims.