Overview

• The family accepted an €800,000 settlement to conclude a dispute over their role in the 2012 collapse of their Schlecker drugstore chain.
• The Dresden Higher Regional Court formalized the agreement on June 17 after a May hearing proposed the reduced payment.
• In initial rulings, courts in Zwickau and Dresden deemed a 2011 loan via the temporary agency Meniar as wrongful money siphoning from Schlecker at creditors’ expense.
• The insolvency administrator originally sought €1.3 million in damages before the family won a partial appeal and agreed to a lower sum.
• The settlement closes all proceedings against founder Anton Schlecker, his wife Christina and their children Meike and Lars, who had faced earlier convictions in bankruptcy cases.