IKB Deutsche Industriebank AG
IKB Deutsche Industriebank AG: Settlement of legal proceedings between IKB, CA CIB and FGIC
IKB Deutsche Industriebank AG / Key word(s): Legal Matter 16.09.2011 20:27 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Settlement of legal proceedings between IKB, CA CIB and FGIC Today a settlement agreement was signed by Crédit Agricole Corporate and Investment Bank ('CA CIB', formerly Calyon), Financial Guaranty Insurance Company ('FGIC'), IKB Deutsche Industriebank Aktiengesellschaft ('IKB') and others. The settlement is intended to end legal proceedings commenced by CA CIB and FGIC against IKB in the High Court of Justice in London, England, and other legal proceedings commenced in New York and Jersey, Channel Islands. The agreement provides for the dismissal of those proceedings with no admission of liability by any party. The agreement has been reached on a confidential basis. IKB does not envisage that the settlement will result in any financial burden for its business. IKB is of the opinion that this settlement improves its legal risk position significantly. The Board of Managing Directors Düsseldorf, 16 September 2011 Contact: Dr. Jörg Chittka, telephone: +49 211 8221-4349; Armin Baltzer, telephone: +49 211 8221-6236, fax: +49 211 8221-6336, e-mail: presse@ikb.de 16.09.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: IKB Deutsche Industriebank AG Wilhelm-Bötzkes-Straße 1 40474 Düsseldorf Germany Phone: +49 (0)211 8221-4511 Fax: +49 (0)211 8221-2511 E-mail: investor.relations@ikb.de Internet: www.ikb.de ISIN: DE0008063306 WKN: 806330 Listed: Regulierter Markt in Frankfurt (General Standard) End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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