Deutsche Bank settles €152 million lawsuit with former executive

Deutsche Bank out-of-court settlement investment banking litigation Monte dei Paschi di Siena career damages claim

Deutsche Bank has reached an out-of-court settlement to resolve a €152 million lawsuit brought by a former investment banker, Dario Schiraldi. The legal dispute was scheduled for hearing at the Frankfurt District Court this week, but the proceedings were canceled after the plaintiff withdrew the claim.

Schiraldi sought damages for alleged harm to his career resulting from a criminal investigation in Italy involving derivative and repurchase transactions conducted with Banca Monte dei Paschi di Siena during the 2008 financial crisis. The plaintiff claimed the bank used him as a “scapegoat” following scrutiny of its accounting methods.

While the specific financial terms of the settlement remain confidential, Deutsche Bank stated that the resolution is expected to have only a minor financial impact on its third-quarter 2026 accounts. The bank continues to face other legal challenges related to these historical transactions, with four similar proceedings currently pending in London involving claims that could exceed €700 million.

Entities

Banca Monte dei Paschi di Siena · Christian Sewing · Dario Schiraldi · Deutsche Bank · Frankfurt District Court · Landgericht Frankfurt · Monte dei Paschi di Siena

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Four additional legal proceedings involving former employees are currently pending in London. www.leinetal24.de · www.onetz.de
[● 3 SOURCES] Deutsche Bank and a former employee have reached an out-of-court settlement regarding a 152-million-euro lawsuit. www.leinetal24.de · www.onetz.de
[● 3 SOURCES] The settlement is expected to have a minor financial impact on the bank in the third quarter of 2026. www.leinetal24.de · www.onetz.de
[○ 1 SOURCE] The total value in dispute for the four pending London cases is estimated at over 600 million pounds, or approximately 700 million euros.
[● 3 SOURCES] The Frankfurt District Court canceled a hearing scheduled for September 10 after the plaintiff withdrew the claim. www.leinetal24.de · www.onetz.de
[● 3 SOURCES] The former investment banker sought damages due to alleged career harm resulting from criminal proceedings in Italy involving Banca Monte dei Paschi di Siena. www.leinetal24.de · www.onetz.de