Bloomberg News

Kirch Heirs May Dump Deutsche Bank Settlement, Sueddeutsche Says

February 26, 2012

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.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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