Deutsche Bank Defeats Warburg in $69 Million Clash Over Cum-Ex

Deutsche Bank AG defeated a final attempt by M.M. Warburg & Co. to make it pay a €63 million ($69 million) tax bill linked to the sprawling Cum-Ex scandal that’s ensnared some of the world’s biggest financial firms.

The Federal Court of Justice, Germany’s top civil court, rejected a request by Warburg to be allowed to appeal a lower-court ruling in the dispute. The order was issued a week ago but hasn’t been made public yet, according to the court’s press office.

Warburg had sued in a Frankfurt court to make Deutsche Bank pick up the tab for part of ...