Deutsche Execs Heckled As Shareholders Hit Back At Legal Scandals

Deutsche Bank Headquarters

Shareholders heckled Deutsche Bank's new leaders about the bank's legal problems at a meeting on Thursday, fearing the firm is becoming distracted by a flurry of scandals and investigations.

Reuters reports that representatives of deceased media magnate Leo Kirch forced Deutsche Bank to convene an extraordinary shareholder meeting after contesting the resolutions of the Annual General Meeting in 2012 as part of a long-running legal battle.

Klaus Nieding, a lawyer representing DSW, Germany's largest association for private investors said: 'Enough is enough. Shareholder rights are being abused. A private vendetta is being carried out at the expense of all shareholders'.

Nieding urged representatives of the Kirch Group and Deutsche Bank's leaders to resolve their dispute, which has been fought out in numerous courtrooms across Germany and the United States over the past decade.

'Stop holding us all to ransom and resolve your dispute in court, not here', Nieding said to general applause.

Hit the link below to access the complete Reuters article:

Deutsche Bank faces shareholder ire over legal disputes

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