“Deutsche Bank shares rise 3% after settlement of bulk of claims in long-running Postbank suit”
August 22, 2024
“Deutsche Bank has reached settlements with nearly 60% of plaintiffs in a long-running case alleging the German lender underpaid for its acquisition of Postbank more than a decade ago.
The German lender said the settlement would allow it to release 430 million euros in provisions for the case.
A chunk of cases remain outstanding, with a lawyer for a group of institutional investors telling CNBC the settlement had “no effects on any other claimant.”…”
https://www.cnbc.com/2024/08/22/deutsche-bank-settles-with-bulk-of-postbank-claimants-.html