Deutsche Bank Aktiengesellschaft (DB)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Deutsche Bank Aktiengesellschaft (“Deutsche Bank” or “the Company”) (NYSE: DB). Investors who purchased Deutsche Bank securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Deutsche Bank has violated federal securities laws.
Investigation Details:
On April 26, 2024, Deutsche Bank issued a press release announcing that “[i]n a hearing on April 26, 2024, the Higher Regional Court of Cologne assessed the claims of certain former Postbank shareholders that a higher offer price in connection with Deutsche Bank’s voluntary takeover offer of October 7, 2010, should have been paid. During the hearing, the Court indicated that it may find elements of these claims valid in a later ruling.” Accordingly, Deutsche Bank advised that “the court’s statements will impact Deutsche Bank’s estimation of the probability of a future outflow, resulting in a legal provision in the second quarter of 2024. This provision will impact Deutsche Bank’s second quarter and full-year profitability and capital ratios. The estimate of the full amount of all claims, including cumulative interest, is approximately 1.3 billion euros.”
On this news, Deutsche Bank’s stock price fell $1.53 per share, or 8.61%, to close at $16.24 per share on April 29, 2024.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Deutsche Bank securities, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
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Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller,