Deutsche Bank will seek compensation from former chief executive Rolf Breuer for a costly out-of-court settlement reached earlier this year with the heirs of the Kirch media empire, according to a report in the newspaper Die Welt.
'The large part of the settlement will definitely stay stuck with the bank', the paper said, quoting a person familiar with the supervisory board discussions.
Deutsche needs to seek compensation from Breuer before so-called directors and officers' liability insurance can play a role in covering some of the settlement charges, the paper said.
In February, Deutsche Bank ended a 12-year battle with the heirs of media mogul Leo Kirch, closing one of Germany's most acrimonious corporate disputes in a deal costing the bank about $1.24bn.
Kirch, who died in 2011, blamed the bank for his group's demise.
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