AMWatch

Two Danish pension funds refute class action against Danske Bank

The class action lawsuits against Danske Bank in the wake of the money-laundering scandal is a delicate matter for Danish pension funds. Two of the largest funds will not file for damages. Meanwhile, other pension funds struggle to find their standpoint.

Photo: Asger Ladefoged/Ritzau Scanpix

A series of class action lawsuits are filed by investors against Danske Bank in the wake of the money laundering scandal in the bank's Estonian branch.

So far, there has been great uncertainty as to whether Danish-based institutional investors, in this case the pension funds, will file a class lawsuit against Danske Bank, however, two of them now announce that they have no intention of filing such a claim, according to AMWatch's sister site FinansWatch.

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