COREALCREDIT BANK AG
Frankfurt/Main Higher Regional Court dismisses appeal by COREALCREDIT BANK AG concerning former AHBR Management Board members
COREALCREDIT BANK AG / Key word(s): Legal Matter 22.03.2011 12:18 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. --------------------------------------------------------------------------- * Appeal regarding Euro 250m loss compensation dismissed * Further legal action dependent on reasons of verdict The Bank 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 250.0 million in connection with derivative transactions. The claim had been rejected at first instance. Against this, the Bank's lodged an appeal before the Frankfurt/Main Higher Regional Court. The Frankfurt/Main Higher Regional Court delivered its verdict dismissing the appeal from first instance on 22 March 2011 (Frankfurt/Main Higher Regional Court reference: 5 U 29/06). The court has yet to state the reasons for its verdict. Whether the Bank will lodge a further appeal regard this verdict of the Frankfurt/Main Higher Regional Court, COREALCREDIT BANK AG will decide after analysing the reasons given for this verdict. --------------------------------------------------------------------------- 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 Contact: COREALCREDIT BANK AG Dr. Leo Cremer Strategy & Communications Phone: +49 (0) 69 7179-665 E-mail: leo.cremer@corealcredit.de 22.03.2011 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: COREALCREDIT BANK AG Grüneburgweg 58-62 60322 Frankfurt am Main Deutschland Phone: 069 / 7179 - 543 Fax: 069 / 27179 - 543 E-mail: axel.leupold@corealcredit.de Internet: www.corealcredit.de ISIN: DE0008103094, DE0005169734, DE0005169759, DE0008103037, DE0008103045, DE0008103078 WKN: 810309 Listed: Regulierter Markt in Düsseldorf; Freiverkehr in Stuttgart; Open Market in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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