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- FRANKFURT, Aug 21 (Reuters) - Deutsche Bank (DBKGn.DE) said on Wednesday that it had reached settlements with more than half the plaintiffs who accused the lender of underpaying them in the acquisition of Postbank years ago. The development helps Germany's largest lender move beyond the years-long litigation that has cast a shadow over the bank.
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Sep 5, 2024 · The bank said in August that it had reached settlements with more than half the plaintiffs, including the largest individual one, who accused the lender of underpaying in the acquisition of...
- Deutsche Bank settles with some plaintiffs in Postbank ...
Deutsche Bank said on Wednesday that it had reached...
- Deutsche Bank's topsy-turvy history with Postbank | Reuters
A German court rules that Deutsche Bank does not have to pay...
- Deutsche Bank settles with some plaintiffs in Postbank ...
Aug 21, 2024 · Deutsche Bank said on Wednesday that it had reached settlements with more than half the plaintiffs who accused the lender of underpaying them in the acquisition of Postbank years ago.
Aug 22, 2024 · Deutsche Bank has reached settlements with 60 per cent of claimants in a more than decade-long dispute over its acquisition of Postbank, paving the way to an expected €430mn boost to its...
- Patricia Nilsson
Aug 23, 2024 · Failed IT projects and lawsuits brought by Postbank shareholders further complicated matters. Now CEO Christian Sewing is ready to close that chapter after agreeing to pay out about €350 million to a group of former Postbank investors to settle claims that they were underpaid.
- Steven Arons
Apr 29, 2024 · A German court rules that Deutsche Bank does not have to pay former Postbank investors higher compensation than offered in its 2010 tender offer. The plaintiffs appeal.
Aug 22, 2024 · FRANKFURT (Reuters) -Deutsche Bank has more work to do to overcome its Postbank troubles even after announcing settlements with more than half the plaintiffs who had accused it of...
Apr 28, 2024 · What is the litigation matter about? - As described on page 310 of the Annual Report 2023, the plaintiff’s assertion is that control of Postbank had transferred to Deutsche Bank in 2008 and that the bank was obligated to make a mandatory takeover offer at that time at a higher price (€ 57.25 per share) than the offer of October 7, 2010 (€ ...