Deutsche Bank lawyers work on US settlement

January, 03 2014

Lawyers for Deutsche Bank are aiming to produce the terms of a settlement with shareholders by the end of January or early February.

Shareholder power jurgenfr

The settlement would resolve a US lawsuit in which the bank was accused of misrepresenting its ability to deal with risks on its pre-2008 mortgage debt book. The shareholders claim that the bank's share price fell 87% between May 2007 and January 2009, and that part of the fall was attributable to these risks. The case is one of various ones that the company is involved in at the moment. Source: Reuters