'Late low ball': Lawyer slams Deutsche Bank settlement offer in long-running Postbank suit
Publishing timestamp: 2024-08-16 13:27:08
Summary
A lawyer representing plaintiffs in a long-running case against Deutsche Bank criticized the proposed settlement as a "late low ball" offer and said it was "doomed." The claimants argue that Deutsche Bank underpaid for its acquisition of Postbank in the late 2000s. The settlement offer of 36.50 euros per Postbank share is unlikely to go through as one claimant has already rejected it. The bank's goal of avoiding a court decision on Wednesday seems unlikely to be achieved.
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Keywords: banks, business news, deutsche bank ag, markets, breaking news: markets,