We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Bribed Housing Exec Hid Deutsche Deal Risk, Ex-Chief Says

Law360, London (May 14, 2019, 7:50 PM BST) -- The only employee at a Dutch housing organization who knew how exposed its investment portfolio had become was an executive Deutsche Bank allegedly bribed to secure derivatives deals that cost the property provider €840 million ($940 million), the group's former head testified in London on Tuesday.

Gerard Erents was the first witness called by claimant Stichting Vestia, one of the largest providers of affordable housing in the Netherlands, in its bribery case against the German banking giant. The organization’s former interim director said under cross-examination that Vestia’s former treasury and control manager, Marcel de Vries, maintained an incomplete spreadsheet accounting for the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections

Law Firms

Companies