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Latest Business News

Kirch Seeks Damages From Deutsche Bank

Wednesday, June 13, 2007 11:41:45 AM

FRANKFURT, Germany (AP) - Former media tycoon Leo Kirch has sued Deutsche Bank AG and its former CEO, seeking about $1.6 billion in damages over comments about the creditworthiness of his now-defunct media group.

The Munich state court said Wednesday that it has yet to set a date for a hearing on Kirch's claim against the bank and former CEO Rolf Breuer.

In a statement, Deutsche Bank dismissed the lawsuit and the financial demand as unfounded. Breuer could not be reached.


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