Danske Bank's former chief executive Thomas Borgen was cleared by a Danish court on Tuesday of any liability for shareholder investment losses linked to
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By Reuters Staff
3 Min Read
COPENHAGEN (Reuters) -The United States of America and the Federal Retirement Thrift Investment Board (FRTIB) have filed a lawsuit against Danske Bank and its former CEO in the Copenhagen city court, according to the attorney representing the parties.
FILE PHOTO: A Danske bank sign is seen on a bank s headquarters in Copenhagen, Denmark October 22, 2019. REUTERS/Jacob Gronholt-Pedersen
Shares in Danske Bank fell around 8% after the news, which was first reported by the business daily Borsen.
The suit is linked to Danske’s involvement in a major money laundering scandal, according to Borsen.
It said the parties were initially claiming compensation of 10 million Danish crowns ($1.62 million), but that the number could rise to hundreds of millions.
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COPENHAGEN, April 20 (Reuters) - The United States of
America and the Federal Retirement Thrift Investment Board
(FRTIB) have filed a lawsuit against Danske Bank and
its former CEO in the Copenhagen city court, according to the
attorney representing the parties.
Shares in Danske Bank fell around 8% after the
news, which was first reported by the business daily Borsen.
The suit is linked to Danske s involvement in a major money
laundering scandal, according to Borsen.
It said the parties were initially claiming compensation of
10 million Danish crowns ($1.62 million), but that the number
could rise to hundreds of millions.