Deutsche Bank shares up 4% after settlement of major Postbank acquisition lawsuit
Associated media - Related media Deutsche Bank has successfully negotiated settlements with approximately 60 percent of claimants in a protracted legal battle concerning allegations that it undervalued its acquisition of Postbank. This acquisition occurred over ten years ago. In a recent announcement, Deutsche Bank disclosed that it had finalized settlements with over 80 claimants at a rate of 31 euros ($34.53) per share, as initially offered by the bank. This settlement is anticipated to positively influence Deutsche Bank’s pretax profit for the third quarter by 430 million euros. By the close of trading at 4:25 PM in London, Deutsche Bank’s…
