It was only one sentence, uttered in a TV interview more than 14 years ago by a former Deutsche Bank CEO, but it set the ball rolling for what would become one of the most bitter and most protracted legal disputes in German corporate history.
In February 2002, Rolf Breuer, a former top executive at Germany’s largest lender, called the creditworthiness of Leo Kirch’s media empire into question. Months thereafter, the group filed for bankruptcy.
What followed were years of accusations, lawsuits and costly settlements between Deutsche and Kirch’s heirs, who continued to pursue
billions of euros in compensation after the media mogul’s death in July 2011.
On Monday, the final chapter in this ongoing saga
finally came to…
Read the full article at: http://www.dw.com/en/fitschens-final-triumph/a-19213433