Deutsche Bank Says Icahn's CVR Owes $18.5M In Fees

Law360, New York (August 10, 2012, 9:56 PM EDT) -- Deutsche Bank Securities Inc. launched a breach of contract suit in New York state court Friday, claiming oil refiner CVR Energy Inc. owes it $18.5 million in fees for its financial advice on its May stock sale to Carl Icahn.

Deutsche Bank says it served as a financial adviser to CVR for its consideration of tender offers made by Icahn's affiliate companies for shares of CVR stock. The bank says the money became due when the transaction was completed on May 4, but CVR has yet...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.