High Court judge denies appeal on €52m bonus dispute

Commerzbank also faces paying higher rate of interest in its long-running legal battle with 104 former Dresdner Kleinwort bankers

Wednesday 30 May 2012 at 06:26

A High Court judge has denied Commerzbank an attempt to appeal a ruling he made earlier this month that said the German bank had broken a contractual agreement with 104 former Dresdner Kleinwort employees over unpaid bonuses.

Justice Owen also gave favourable rate of interest on the unpaid bonuses that Commerzbank now faces paying.