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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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