AMWatch

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.

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