Or we not smart.
This is a highly condensed version of the verdict against our friends of Deutsche Bank in Frankfurt.
At stake was a lot of money and, priceless, the bank's reputation.
German media empire Kirch went bankrupt a few years ago, and the heirs filed a lawsuit against Deutsche Bank asking for damages because, they claimed, Deutsche Bank caused the bankruptcy. In December 2012, a court sided with the plaintiffs and found the bank partially liable.
The verdict was made then but the publication of the full statement followed only now.
The judges basically call the top brass of the bank liars (German article in Handelsblatt).
The court calls the bankers' interpretation of an English transcript "highly idiosyncratic", either indicating a lack of adequate knowledge of English or clearly fabricated arguments.
All is not lost for Deutsche Bank, though. They have a few more scandals to work on and are being heavily criticized for continued involvement in "investments into food", or - in the words of their opponents - speculating with food.
So, their inadequate English skills should be forgotten soon.
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