Sept. 14 (Bloomberg) -- Commerzbank AG, Germany’s second- largest lender, was sued by 10 former employees at its Dresdner Kleinwort unit in Singapore claiming they were entitled to S$9.5 million ($7.7 million) in bonuses.
The former workers at the investment bank claimed they were given false assurances and induced to stay on because of the proposed bonus to be paid in January 2009, according to a lawsuit filed with the Singapore High Court in July. Full story
