Deutsche Bank, Blake Morgan Settle £8M Lease Advice Suit

Law360, London (January 7, 2020, 4:28 PM GMT) -- Deutsche Bank AG has inked a settlement to bring to an end its £8.3 million ($10.9 million) professional negligence lawsuit against Blake Morgan LLP over failed legal advice on a decades-long commercial lease.

The lender and the law firm reached a confidential settlement in December that closes a long-running dispute over a property in southeast England, according to a High Court order issued Monday. The case will be stayed, although either side can apply to the court for permission to enforce the terms of the settlement.

The bank rented out the property, a data center known as the Digiplex Megaplex Centre in Middlesex,...

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