ABP has settled out of court with Deutsche Bank on a lawsuit regarding residential mortgage-backed securities that the Dutch pensions giant purchased in 2006 and 2007. The bank and the pension fund did not disclose the amount of the settlement.

It is the third lawsuit ABP has settled with banks and lenders over RMBS; the first two were against JP Morgan and Countrywide Financial, now part of Bank of America. ABP has cases against five others still ongoing; Goldman Sachs, Merrill Lynch, Credit Suisse, Morgan Stanley and Ally Financial.