02:36 PM EDT, 08/22/2024 (MT Newswires) -- Deutsche Bank ( DB ) agreed to pay 200 million euro ($222 million) to Elliott Investment Management to resolve a long-running legal dispute involving its acquisition of Postbank, Bloomberg reported Thursday.

Elliott was the largest plaintiff in the case in which former Postbank investors were seeking more than the 25 euro per share they received for the sale, according to the report, citing people with knowledge of the matter.

Deutsche Bank ( DB ) said late Wednesday that it had settled with more than 80 plaintiffs in the case, addressing nearly 60% of the claims related to its Postbank acquisition.

The bank did not identify Elliott in its statement, but noted instead that the settlement included an agreement with the largest individual plaintiff.

Elliott and Deutsche Bank ( DB ) did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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