Deals
Ex-Hypo Real Estate CEO Funke Wins EU150,000 in Ruling
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Former Hypo Real Estate Holding AG Chief Executive Officer Georg Funke won a preliminary ruling and was awarded 150,000 euros ($211,000) in a suit over claims he was wrongfully dismissed after the 2008 bailout of the lender.
The Munich Regional Court today awarded Funke, 55, two months of pay in a verdict issued under a special procedure that only allows documents as evidence. The court also granted former Chief Financial Officer Markus Fell one month of pay of about 40,000 euros.