Kirch Heirs May Dump Deutsche Bank Settlement, Sueddeutsche Says

Leo Kirch’s heirs are threatening to extend legal action against Deutsche Bank AG (DBK) if the bank doesn’t pay damages of 812 million euros ($1.1 billion) under a proposed settlement, Sueddeutsche Zeitung said, citing negotiators it didn’t identify.

Deutsche Bank is balking at the amount, meaning the settlement proposed by a Munich court may collapse, the Munich- based newspaper said in an e-mailed article to appear in tomorrow’s edition.

To contact the reporter on this story: Tony Czuczka in Berlin at

To contact the editor responsible for this story: James Hertling at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.