Deutsche Bank (NYSE: DB) has achieved notable progress in talks with claimants involved in the legal dispute regarding its takeover of Postbank and the compensation paid to former Postbank shareholders.
The bank has reached settlement agreements with more than 80 claimants, who collectively make up nearly 60% of all claims in this lawsuit. These agreements are settled upon the bank's suggested price of €31 ($34.5) per share. Among the claimants who agreed to a settlement also represented about one-third of all claims.
In April 2024, Deutsche Bank said that it could face claims up to €1.3 billion ($1.4 billion) in a legal battle with former Postbank shareholders about its 2010 takeover. The former Postbank shareholders argued that a higher price should have been offered.
Deutsche Bank anticipates that the settlement agreements reached so far will burn approximately 45% of the total provisions taken for the claims of plaintiffs covered by the agreements. The remaining provisions linked to these ...
