Bankers win £42m payout from Commerzbank - The Telegraph - 9 May 2012

Bankers win £42m payout from Commerzbank - The Telegraph - 9 May 2012


The Telegraph - 9 May 2012

Commerzbank, which bought took over the bankers’ employer Dresdner Kleinwort in 2008, will have to pay out €51.8m (£42m) after the Mr Justice Owen found in favour of the men.

The current and former Dresdner bankers had claimed Commerzbank reneged on a deal to pay out bonuses Dresdner had promised them before the takeover. The size of the payouts will range from €15,608 to as much as €1.78m.

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