Deutsche Bank settles with some plaintiffs in Postbank acquisition lawsuits

Deutsche Bank (DBKGn.DE), opens new tab said on Wednesday that it had reached settlements with more than half the plaintiffs who accused the lender of underpaying them in the acquisition of Postbank years ago.

The development helps Germany’s largest lender move beyond the years-long litigation that has cast a shadow over the bank.

Deutsche Bank said the agreements cover 60% of the claims, including the largest individual plaintiff.