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Deutsche Bank, ICAP Sued as Warburg Seeks to Recoup Tax Bill

  • Bank seeks to recoup losses with suit filed in Hamburg court
  • First case against Deutsche Bank in Frankfurt was dismissed
Updated on

Deutsche Bank AG, TP ICAP Plc and two German lawyers are the targets of M.M. Warburg & Co.’s latest legal attempt to recoup the big tax bill it was ordered to pay over controversial Cum-Ex trades, people familiar with the matter said.

The lawsuit was filed at a court in Hamburg, where Warburg is based, according to the people, who declined to be identified because they weren’t authorized to speak about the case. The two attorneys targeted are Hanno Berger and a man who has come to be known as ‘Benjamin Frey,’ a fake name, as his identity can’t be disclosed under German law.