Overview
- Deutsche Bank settled with over 80 plaintiffs, paying 31 euros per share for claims related to its 2010 Postbank acquisition.
- The settlement will release funds and increase Deutsche Bank's third-quarter pre-tax profit by 430 million euros.
- Shares of Deutsche Bank rose by approximately 3% following the announcement of the settlements.
- Despite the progress, some plaintiffs have rejected the settlement, leaving outstanding claims.
- Deutsche Bank's legal issues have historically impacted its share price and valuation.