Deutsche Bank announces EU775M settlement with Kirch Group Deutsche Bank announced that it has reached a settlement with Kirch Group to conclude all legal disputes between the two parties. The settlement is based on the proposal of the Munich Higher Regional Court from March 2011 and provides for a payment of 775M euros, plus interest and a lump-sum reimbursement of costs. Due to existing provisions the settlement will result in a decrease of the results of approximately 350M euros after tax, Deutsche said. The charge will be reflected in Q4.
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