The longstanding investor protection process surrounding the so-called third IPO of Deutsche Telekom AG in 2000 could be ended with a settlement.
A proposal is on the table that is supported by the model plaintiff and other aggrieved investors as well as the defendant Deutsche Telekom AG, the Federal Republic of Germany and the state bank KfW.
Frankfurt / Main - This was announced by the Frankfurt Higher Regional Court on Monday.
The proposal is to be discussed between the parties to the dispute on Tuesday next week (23 November).
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Behind the model case are around 16,000 small shareholders who are suing, demanding compensation for the exchange rate losses they have suffered in the amount of around 80 million euros, which Telekom has so far refused.
Their lawsuits had been combined into a model investor procedure that had already been negotiated twice at the Frankfurt Higher Regional Court.
However, the Federal Court of Justice had made a third hearing in Frankfurt necessary on one sub-issue.
dpa
