Deutsche Bank Chief Seeking To Settle Out of Court

Law360, New York (October 19, 2006, 12:00 AM EDT) -- The chief executive officer of Deutsche Bank is reportedly seeking a settlement in a trial he faces on allegations of improperly giving large severance payments to executives when he worked as a director of Mannesmann.

CEO Josef Ackermann is seeking an out-of-court deal that would involve a fine, rather than have the case go to trial and result in jail time.

Under German law, defendants can pay a fine to settle a case, although German prosecutors have indicated Ackermann won’t be allowed to get off so...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.