Home News Dt dispute between Bank and Kirch goes into next round

Dt dispute between Bank and Kirch goes into next round

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FRANKFURT (Dow Jones) – The years of conflict between the Deutsche Bank and Leo Kirch is entering a new round. Thus, in the fall of Munich District Court initiated settlement discussions failed, as spokesman for the Frankfurt bank and the former media mogul Kirch confirmed on Wednesday. For the failure of Make calls, meanwhile, the two parties mutually responsible.
Kirch-page states that it is in contrast to the Germans Banking outcome went into the talks. The demolition of the Negotiations had led to the German bank. A spokesman for the Frankfurt Institute rejected this and said that the German Bank remains willing and interested in it because a reasonable and find a fair solution to this matter. The false statement by the church or the breaking of the page Confidentiality agreement, however, clearly showed "that this is never the case where was, "said the spokesman of the Deutsche Bank.
Beginning of September, the district court both parties moderated discussion in the constant for more than seven-year dispute suggested so in a court settlement of multi-billion dollar damages claim against the German media entrepreneur Bank to enable.
The dispute goes back to the year 2002. Kirch Frankfurt had the money home sued for damages after the then Chairman of Deutsche Bank, Rolf Breuer, a Television interview, had questioned whether the creditworthiness of the Kirch group. Kirch alleges that the bank or Breuer for the destruction of his Media group to be jointly responsible.
After the Federal Court in 2006, Kirch had always recognized a compensation claim, the calls Media companies now have a compensation payment of 3.5 billion euros.
Kirch is also from the Bespitzelungsaffäre Deutsche Bank affected. The bank aims at following the Annual General Meeting 2006 The help of detectives have been trying to find out whether the critical Shareholder had contact with Michael Bohndorf Kirch. Piquant is therefore its Exposure to the German bank, the names of participating in the affair Attorneys disclosed.

   

Website: www.deutsche-bank.de

- From Eyk Henning, Dow Jones Newswires;
+49 (0) 69 - 29725 108, eyk.henning @ dowjones.com

DJG / eyh / kgb / kla
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(END) Dow Jones Newswires

March 03, 2010 05:52 ET (10:52 GMT)

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