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Deutsche Bank to hold new shareholder meeting after challenge to last year's decisions

By: The Associated Press

Tuesday, Feb. 26, 2013 at 1:16 PM | Comments: 0

FRANKFURT - Deutsche Bank is redoing last year's shareholder meeting after decisions from it were challenged in court.

The extra meeting is slated for April 11 in Frankfurt, Germany.

The bank said Tuesday it is holding the do-over to establish legal certainty on the decisions that were adopted, and so it can hold its 2013 meeting on schedule on May 23.

A court upheld objections to three agenda items from the 2012 meeting. The items related to the use of company's profits, the election of an auditor, and the election of three shareholder representatives to the board of directors. The bank is appealing the court's ruling.

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