Deutsche Bank Overpaid Postbank
This is a Cologne news story, published by CNBC, that relates primarily to Deutsche Bank news.
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Deutsche PostbankCNBC
•German court rules against Deutsche Bank in Postbank acquisition lawsuit
75% Informative
Cologne 's higher regional court on Wednesday ruled against Deutsche Bank in a long-standing legal dispute with shareholders who alleged the lender underpaid in its multi-stage acquisition of German retail bank Postbank .
The 13 plaintiffs in the case claimed that Postbank , which Deutsche Bank acquired over several interest purchases from Deutsche Post , was worth more than the 25 euros ($ 27 ) per share paid in 2010 .
Deutsche Bank said it will now analyze the judgement and noted it has booked provisions covering all outstanding claims by the plaintiffs.
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