Bronstein, Gewirtz & Grossman, LLC encourages investors to seek compensation for alleged misconduct

NEW YORK, NY / ACCESSWIRE / May 12, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Deutsche Bank Aktiengesellschaft (“Deutsche Bank” or “the Company”) (NYSE:DB). Investors who purchased Deutsche Bank securities are encouraged to obtain additional information and assist in the investigation by visiting the company’s website: bgandg.com/DB.

Examination details:

On April 26, 2024, Deutsche Bank issued a press release in which it announced that “at its hearing on April 26, 2024, the Cologne Higher Regional Court rejected the claims of certain former Postbank shareholders for a higher offer price in connection with the offer of the Deutsche Bank has examined.” The court pointed out during the hearing that parts of these claims may be declared valid in a later judgment. Accordingly, Deutsche Bank said that “the court’s statements will impact Deutsche Bank’s assessment of the likelihood of a future outflow, which will result in a statutory provision in the second quarter of 2024. This provision will impact Deutsche Bank’s profitability and capital in the second quarter and the full year.” The total amount of all receivables, including accumulated interest, amounts to approximately 1.3 billion euros.

On this news, Deutsche Bank’s stock price fell $1.53 per share, or 8.61%, to close at $16.24 per share on April 29, 2024.

What’s next?

If you are aware of facts relating to this investigation or the purchase of Deutsche Bank securities, you can assist in this investigation by visiting the company’s website: bgandg.com/DB. You may also contact Peretz Bronstein or his account representative Nathan Miller of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There are no costs for you

We represent investors in class actions on a contingency fee basis. This means that we will only ask the court to reimburse us for our expenses and attorneys’ fees, usually a percentage of the total recovery, if we are successful.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm representing investors in securities fraud class actions and shareholder derivative litigation. Our company has recovered hundreds of millions of dollars for investors nationwide.

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Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | (email protected)

SOURCE: Bronstein, Gewirtz & Grossman, LLC