Deutsche Bank Reportedly Settles Lawsuit Another Ex Employee Over Italian Banking Scandal

MT Newswires Live

Sep 08

Deutsche Bank (DB) settled a lawsuit with another former employee in a case involving alleged damage to certain employees' reputations over their business with Italy's Monte dei Paschi in 2008, news outlets reported Monday, citing the company.

The German lender reportedly settled the suit with Dario Schiraldi, who was seeking 152 million euros ($176.5 million) in damages.

The settlement with the second former employee in the dispute leaves the cases of the four other Deutsche Bank staff, who are claiming more than 600 million pounds ($811.3 million) in a London court, Reuters reported.

The company didn't immediately respond to MT Newswires' request for comment.

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