Deutsche Bank Ordered To Pay Damages Over Kirch Bankruptcy

Law360, New York (December 14, 2012, 3:22 PM EST) -- A German court on Friday reportedly held that Deutsche Bank AG must pay damages to the heirs of deceased media mogul Leo Kirch after the bank’s onetime CEO was accused of triggering the collapse of Kirch's conglomerate.

The Munich Higher Regional Court found the lender is liable for damages resulting from a television interview during which former CEO Rolf Breuer challenged the creditworthiness of Kirch Group, according to Die Zeit.

The exact amount of damages has yet to be determined, Die Zeit reported, but previously in...
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