Ex-chief executive Dirk Nonnenmacher, his predecessor Hans Berger and four other former members of the bank's executive board were also cleared of breach of trust by a Hamburg court.
The prosecution could not prove the six violated their oversight duties in financial transactions and investments during their terms in office, the presiding judge, Marc Tully, said, according to news agencies.
Prosecutor Karsten Wegerich had called for suspended sentences of a maximum three years for the main defendants as well as fines of up to EUR 150,000 ($204,000).
The
