Danske Bank investors seek $475 million in damages over money laundering scandal

FILE PHOTO: General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob Gronholt-Pedersen/File Photo *** Local Caption *** Jacob Gronholt-Pedersen - Copyright Jacob Gronholt-Pedersen(Reuters)

By Reuters

Published on 19/03/2019 - 12:34•Updated 26/04/2024 - 10:14

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COPENHAGEN (Reuters) - Two U.S. law firms have filed a lawsuit on behalf of institutional investors against Danske Bank over a 200 billion euro (171 billion pounds) money laundering scandal.

Shareholder law firms Grant & Eisenhofer P.A. and DRRT filed the lawsuit in Copenhagen on behalf of investors from 19 countries, "asserting fraud claims stemming from a massive Russian money-laundering scheme and multi-year cover-up by Denmark's largest bank and its senior leadership."