Deutsche Bank Chairman Resigns Over Lawsuit

Law360, New York (April 3, 2006, 12:00 AM EDT) -- Following a drawn-out legal dispute with German television mogul Leo Kirch, Deutsche Bank’s Rolf Breuer has stepped down as chairman after a court ruled that he and the bank may be held liable for remarks he made in a 2002 interview, which Kirch claimed triggered the financial collapse of his empire.

Deutsche Bank, Germany’s largest bank, said chief financial officer Clemens Boersig will succeed Breuer when his resignation is effective on May 3.

Breuer, 68, said in a statement he was resigning “to relieve Deutsche Bank...
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