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Upcoming Trial Adds To Deutsche Bank’s Woes

Law360 (November 22, 2006, 12:00 AM EST) -- Two senior bankers have reportedly sued Deutsche Bank AG over €5 million in bonuses they allegedly should have received through a profit-sharing scheme.

Paul Rivlin and Neil Lawson-May, who were the heads of Deutsche Bank’s real estate business in Europe until 2002, will now have their case tried this March before London’s High Court, according to the Financial Times.

The two U.K.-based bankers said Deutsche adopted a “carried interest” scheme after merging with Bankers Trust in 1999. Rivlin and Lawson-May then introduced a property restructuring deal...
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