COREALCREDIT BANK AG
COREALCREDIT BANK AG: German Federal Court of Justice (Bundesgerichtshof) reverses judgment of Frankfurt/Main Higher Regional Court (Oberlandesgericht Frankfurt) in proceedings against former AHBR management board members and remits the case to that court
COREALCREDIT BANK AG / Key word(s): Legal Matter 15.01.2013 18:14 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. --------------------------------------------------------------------------- Today, upon the appeal (Revision) of COREALCREDIT BANK AG the German Federal Court of Justice (Bundesgerichtshof) (court reference number: II ZR 90/11) has reversed the judgment of the Frankfurt/Main Higher Regional Court (Oberlandesgericht Frankfurt am Main) and has remitted the case to that court for reconsideration and redetermination. The outcome of the further proceedings before the Frankfurt/Main Higher Regional Court remains to be seen. COREALCREDIT BANK AG had sued those past members of the former AHBR's (Allgemeine HypothekenBank Rheinboden) Management Board who served between 2001 and mid-2002 for damages amounting to EUR 250 million in connection with derivative transactions. The claim had been rejected at first and second instance (see ad hoc notification dated 22 March 2011). The German Federal Court of Justice, in a first step, allowed the appeal of COREALCREDIT BANK AG against the decision of the Frankfurt/Main Higher Regional Court (see ad hoc notification dated 19 October 2012). --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Please find a register of all listed securities of COREALCREDIT BANK AG on our website http://www.corealcredit.de/upload/wertpapiere/Wertpapierliste.pdf 15.01.2013 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: COREALCREDIT BANK AG Grüneburgweg 58-62 60322 Frankfurt am Main Germany Phone: 069 / 7179 - 543 Fax: 069 / 27179 - 543 E-mail: axel.leupold@corealcredit.de Internet: www.corealcredit.de ISIN: DE000A0BU964 WKN: A0BU96 Listed: Regulierter Markt in Frankfurt (General Standard) End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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