Deutsche Bank Chief's Retrial Begins

Law360, New York (October 26, 2006, 12:00 AM EDT) -- The second trial of Deutsche Bank AG’s chief executive officer, Josef Ackermann, kicked off in a German courtroom on Thursday, one week after he lost a bid for an out-of-court deal to settle allegations that he improperly bestowed large severance payments on executives when he worked as a director of Mannesmann.

Ackermann has vowed to resign if he is found guilty in the trial, which began Thursday and could go on for months. As late as Oct. 19, he had sought an out-of-court deal that would...
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