IR Releases - Archive

New York, June 23, 2009

Credit Suisse and Deutsche Bank announce settlement with Huntsman Corporation


Banks each pay $316 million
All litigation against Credit Suisse, Deutsche Bank and their affiliates dropped

Credit Suisse Securities (USA) LLC (“Credit Suisse”) and Deutsche Bank Securities Inc. (“Deutsche Bank”) (XETRA: DBKGn.DE / NYSE: DB), today announced that they have entered into an agreement with Huntsman Corporation (“Huntsman”) to end all litigation among Credit Suisse, Deutsche Bank and their affiliates and Huntsman.

Credit Suisse and Deutsche Bank have chosen to resolve the matter for $316 million each. In addition, Credit Suisse and Deutsche Bank will each provide $550 million of senior debt financing to Huntsman International LLC, a subsidiary of Huntsman, to be repaid over seven years. These loans will benefit Huntsman's capital structure and strengthen the Banks' historically strong lending relationships with Huntsman.

The Banks said, “While we believe strongly in the merits of our case, we felt it was in our best interests to resolve the litigation for $316 million each. We are pleased to have the litigation behind us.”



This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our trading revenues, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 24 March 2009 under the heading "Risk Factors." Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir .




IR Releases on Financial Results 2013
IR Releases on Financial Results 2012
Footer Navigation:
Copyright © 2014 Deutsche Bank AG, Frankfurt am Main