Deutsche Bank Settles Majority of Postbank Claims, Shares Rise

The German lender resolves long-standing legal disputes with 60% of plaintiffs, boosting third-quarter profits and share prices.

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.