Deutsche Bank Found Partly Liable Over Kirch Media Bankru
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Deutsche Bank AG was found partially liable over the collapse of Leo Kirch’s media group and must pay damages, which will be determined later, a German court said.
The Munich Higher Regional Court ruled the lender and its former Chief Executive Officer Rolf Breuer are liable for statements in 2002 before the Kirch group filed for bankruptcy. The late media magnate’s heirs seek as much as 2 billion euros ($2.6 billion).