Overview
- Landgericht Stuttgart provisionally halted the case on October 20 after nine months of hearings across 31 trial days.
- Former CEO Max Müller is to pay €40,000 and former CFO Ipek Demirtas €17,500, with final closure to follow once payments are made under Section 153a of the Criminal Procedure Code.
- Prosecutors had alleged insolvency delay, credit fraud and breach of trust, asserting Alno could have been insolvent by late 2013.
- The court said a third defendant’s case had already been closed in July through a €10,000 payment, and none of the defendants will receive criminal records from these proceedings.
- Alno’s 2017 collapse cost more than 1,400 jobs and drew creditor claims of roughly €1.7 billion, and the brand now belongs to the Höffner Group.