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.
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