Deutsche Bank Seeks Compensation From Ex-ceo In Kirch Case: Newspaper - Yahoo News
Deutsche needs to seek compensation from Breuer before so-called directors and officers' liability insurance can play a role in covering some of the settlement charges, the paper said. In February, Deutsche Bank ended a 12-year battle with the heirs of media mogul Leo Kirch, closing one of Germany's most acrimonious corporate disputes in a deal costing the country's largest lender about 925 million euros ($1.24 billion). Kirch, who died in 2011, blamed the bank for http://fritznezo.soup.io/post/449465977/German-Federation-Drops-Amputee-Long-Jumper-Markus his group's demise. Kirch had claimed that ex-Deutsche chief executive and later chairman Breuer triggered his media group's downfall by questioning its creditworthiness in a http://calebiecu.jimdo.com 2002 television interview. Kirch sought for years to recoup http://herbruab.postbit.com about 2 billion euros in damages. In 2002, while he was participating in the World Economic Forum at New York's Waldorf-Astoria hotel, Breuer appeared to raise questions about Kirch Group's creditworthiness during a TV interview. Breuer was also then chairman of Germany's private-sector bank association.