Sunday, 22 March 2015
Hermjo Klein's named cleared in German case
The chairman and CEO of Deutsche Entertainment AG (DEAG), Peter Schwenkow, says he is delighted a court case has restored a business partner’s integrity, by proving that statements the associate made years ago were true. The Higher Regional Court of Zweibrucken rejected an appeal by Fiba Veranstaltungsservice, owned and run by Andrea and Uwe Fischer, against a judgement in 2013 that they should pay retained ticket sales revenue of €371,000 ($415,400) originally due to Hermjo Klein and his ACT Artist Agency. The non payment caused ACT to go into liquidation according to Schwenkow.