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Will Deutsche Bank settle with all plaintiffs in the Postbank lawsuit by the end of 2024?
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Resolution / Starting Odds
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Public announcements or court records
Story
Deutsche Bank Settles Postbank Lawsuit with 60% of Plaintiffs, Gains €430M
Aug 22, 2024, 06:03 AM
Deutsche Bank has reached settlements with over 60% of plaintiffs in the Postbank acquisition litigation, including the largest individual plaintiff who accused the bank of underpaying for the acquisition. This resolution is expected to positively impact Deutsche Bank's third-quarter results, with a projected gain of €430 million ($480 million). Following the announcement of the settlements, Deutsche Bank's shares rose by 3%. The litigation, which has been ongoing for over a decade, involved claims of underpayment in the bank's takeover of Postbank.
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Less than €400 million • 25%
€400 million to €500 million • 25%
€500 million to €600 million • 25%
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Libor-related • 25%
Money laundering-related • 25%
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