US court dismisses $3 billion suit against Deutsche Bank

A US district court in Florida has dismissed a lawsuit by the heirs of a prominent Jewish family seeking $3 billion from Deutsche Bank. The Wertheim Jewish Education Trust, in a suit filed in January, said heirs of the German entrepreneur Joseph Wertheim deposited the family's fortune at Credit Suisse in Switzerland as the Nazis rose to power and they emigrated to Spain. The funds were later transferred to Deutsche Bank but never made it back to the heirs, the plaintiffs said.
The Florida court dismissed the case on December 6 because the judge said it lacked jurisdiction, according to court documents reviewed by Reuters.