Belgian consultancy coordinates class action law suit against Danske Bank on behalf of 20 institutional investors

A vast number of institutional investors plan to join a class action coordinated by Belgian consultancy against Danske Bank. They aim at an eight-digit claim, but the damages will likely grow, says partner to AMWatch's sister site FinansWatch.

Photo: Mads Claus Rasmussen/Ritzau Scanpix

Belgian-based consultancy Deminor, which specializes in financing law suits, reports of filing an eight-digit claim in the money laundering class action law suit against Danske Bank.

The law suit is to recover the damages for financial losses of equity price drops following the disclosure of the money laundering case in Estonia.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

The ESG market is controlled by a few big investors

Finland's largest investor holds 62 percent of shares of multi-trillion ETFs offered by iShares and 64 percent of Xtrackers' equivalent offering. Having a few investors dominating ownership in this way is not good for the vehicles' liquidity and could be a big challenge facing the sector.

"We continue to see further growth in our Nordic book of business"

DECEMBER SERIES: What were the most important developments at some of the global asset managers present on the Nordic market in 2021, and what are their expectations for the coming year? AMWatch's December series is kicked off by Head of Nordics at State Street Global Advisors, Arnaud Bruyneel. 

Further reading

Related articles

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch