Deutsche Bank loses suit over investor losses (AP)
FRANKFURT, FRG – A Teutonic suite ruled weekday that Deutsche Bank didn't sufficiently divulge the risks when commerce digit of its business products to an investor.
The agent Court of Justice said that Germany's large slope must clear the company, Ille Papier-Service GmbH, a lowercase over euro540,000 ($765,000) in recompense.
Deutsche Bank said in a evidence that it would investigate the judgement in order to determine its response.
The judgement could influence the outcome of mountain of disputes between Deutsche Bank and diminutive companies and topical governments that entered into so-called interest-rate switch deals. The intention was to lower their interest payments.
The slope said that octad cases involving swaps are currently pending in suite — a sort the consort titled "manageable."
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