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Warburg said the lawsuit was filed in December in a Frankfurt
regional court.
Warburg said Deutsche Bank had failed to withhold taxes of 46
million euros for a series of share trades that took place as
part of Deutsche's role as a custodian bank for the years 2010
and 2011.
Hamburg tax authorities had told Warburg to repay those funds,
and this prompted the legal action, the bank said. Warburg also
denied any wrongdoing.
A Deutsche Bank spokesman said the bank had not seen the court
filing but also said that Warburg's allegations as reported in
the German media were "without merit" and that the bank
"strongly rejected" the accusations.
Warburg's lawsuit relates to a share-trading scheme - known as
"cum-ex" - that has become the subject of Germany's biggest
post-war fraud investigation. Authorities say the scheme cost
taxpayers billions of euros.
Public prosecutors in Cologne and elsewhere in Germany have said
the players in the so-called cum-ex scheme misled the German
government into thinking a stock had multiple owners on its
dividend payday who were each owed a dividend and a dividend tax
credit. The prosecutors have also said the scheme was illegal
and misled the German government into paying tax refunds.
Deutsche Bank has said it is fully cooperating with
investigators regarding the scheme.
(Reporting by Hans Seidenstuecker and Tom Sims. Editing by Jane
Merriman)
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