Minority shareholders in IKB have scored a legal victory in their fight for an investigation into the German bank, which was one of the first casualties of the financial crisis. A court on Wednesday ordered the appointment of a special auditor to examine whether IKB’s executive or supervisory boards violated their duty at the bank, which had to be rescued by the government. The order in effect overturns a decision by IKB to halt a previous inquiry, by the same auditor, before he reached a conclusion.

This entry was posted by Gwen Robinson on Thursday, August 27th, 2009 at 4:55 and is filed under Capital markets, People. Tagged with IKB. Edit this entry.