Secured a confidential, unusually high recovery for institutional investors in Postbank takeover-price litigation
Plaintiff(s):
Group of institutional investors
Case type / claims:
German action challenging Deutsche Bank’s de facto control of Deutsche Postbank and its failure to make a mandatory tender offer at fair value, including allegations of a collusive, staggered acquisition strategy to avoid triggering the mandatory offer.
Defendant(s):
Deutsche Bank AG, Deutsche Postbank AG
Jurisdiction:
Germany – District Court of Cologne
Year:
2024
Outcome:
- Court determined the fair price should have been €57.25, rather than the €25 actually paid in 2010.
- Achieved a confidential settlement yielding an exceptionally high recovery for clients.
