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Exclusive-Deutsche Bank proposes settlement in Postbank case

08/16/2024

Less than a minute

2024.08.16 02:50

FRANKFURT (Reuters) – Deutsche Bank has made a settlement offer with shareholders who had sued Germany’s largest bank for underpaying them for the acquisition of Postbank, a plaintiff’s lawyer said on Friday.

The lawyer, Jan Bayer (OTC:), rejected the proposal as a “crackhead” offer.

© Reuters. The logo of Deutsche Bank is seen on the roof of a building outside a Deutsche Bank branch office in Malaga, Spain, April 24, 2024. REUTERS/Jon Nazca/File Photo

Deutsche Bank said it would not comment on the talks.

“As we’ve stated in the past, we are in settlement discussions with various groups of plaintiffs within the several Postbank takeover proceedings,” Deutsche Bank said in a statement.

08/16/2024

Less than a minute

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