Deutsche Bank proposes €36.50 per share settlement for Postbank acquisition underpayment lawsuit.
Deutsche Bank's proposed settlement offer, worth €36.50 ($40.12) per Postbank share, has been criticized as a "late low ball" by a lawyer representing plaintiffs in a long-running case against the bank. The lawsuit claims that Deutsche Bank underpaid for its acquisition of German retail banking giant Postbank in the late 2000s, and the proposed settlement is subject to acceptance by all claimants. The lawyer has warned that the timing of the offer during the holiday season may make it difficult to contact all claimants by the deadline.
August 16, 2024
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