'Late low ball': Lawyer slams Deutsche Bank settlement offer in long-running Postbank suit
DBDeutsche Bank AG(DB) CNBC·2024-08-16 19:31

A Deutsche Bank branch in the financial district of Frankfurt, Germany, on May 6, 2022.A lawyer representing plaintiffs in a long-running case against Deutsche Bank on Friday slammed a proposed settlement from the German lender as a "late low ball" offer.The crux of the challenge against Deutsche Bank is that it underpaid for its acquisition of German retail banking giant Postbank in the late 2000s.Legal action over the multi-stage deal has been rumbling on since 2010. Claimants number in the hundreds in to ...