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Kleinwort case is settled
A legal battle between Commerzbank and a former Kleinwort investment banker over the use of the Kleinwort name has been settled. According to a Financial Times report, Commerzbank – which sold Kleinwort Benson in June – issued a High Court lawsuit against former Kleinwort banker Robert Pasley-Tyler, claiming he had infringed the Kleinwort name. Kleinwort Benson said an “amicable agreement” had been reached.