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Deutsche Bank AG Files Complaint Before US Courts And Banco del Bajio Initiates Lawsuit Against URBI Desarrollos Urbanos SAB de CV

Thursday, 9 May 2013 12:05pm EDT 

URBI Desarrollos Urbanos SAB de CV (URBI) announced that Deutsche Bank AG has filed, before United States courts, a complaint against URBI and its subsidiaries, seeking payment of over USD 61 million plus legal costs, in connection with certain credit and derivative transactions. URBI also announced that a lawsuit has been initiated, as a summary proceeding before Mexican courts, by Banco del Bajio SA against URBI and two of its subsidiaries, claiming payment of MXN 75 million plus legal costs. 

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