- Dispute with Postbank investors goes back more than a decade
- News comes as billionaire Elliott founder Paul Singer turns 80
Elliott Investment Management is receiving nearly €200 million ($222 million) from Deutsche Bank AG as the German lender moves to resolve a long-running legal dispute, people with knowledge of the matter said.
The activist hedge fund was the largest plaintiff in the litigation against Deutsche Bank over its Postbank takeover, which took place more than a decade ago, according to the people. It's now set for a payday after settling with the German lender, the people said, asking not to be identified because the information is private.
Deutsche Bank said late Wednesday it reached settlements with plaintiffs representing almost 60% ...