NJORD to coordinate a shareholder action funded by IMF LFS against Danske Bank for losses resulting from the money laundering scandal

The Danske Bank money laundering scandal relating to the bank's Estonian branch has almost halved the value of the share over the past 18 months, causing considerable losses for the bank's shareholders.

IMF is a leading global litigation funding company with significant experience in complex litigation and a trusted partner for a number of global investors. IMF has today conditionally agreed to fund a Danish shareholder action against Danske Bank. The action is open to major shareholders such as investment funds, pension funds and other institutional investors, who have suffered losses because of the scandal.

Danske Bank's disclosure: Too little, too late

The action will seek compensation for shareholders who lost millions of dollars in value as a result of perceived errors and omissions committed by Danske Bank.

The action will be managed by a leading international team

The claim will be financed by IMF who has selected and financed a significant number of shareholder and class actions across the globe in the past 17 years. The company has prevailed in more than 90 % of the claims made. IMF has chosen NJORD Law Firm to advise on the action against Danske Bank.

The action is open to investors who suffered loss after acquiring shares in the Bank between 29 April 2014 and 19 September 2018 (inclusive).

NJORD Law Firm and IMF encourage shareholders who acquired shares in the Bank during this period to register their interest as soon as possible via IMF's confidential, dedicated website page (http://www.imf.com.au/danske) or by contacting IMF in London or the lawyers directly.

About NJORD Law Firm

NJORD Law Firm is a full-service law firm serving local and international clients through the firm’s offices across the Nordic countries, including Denmark and Estonia.

NJORD Law Firm’s litigation department is one of the largest and most experienced among the top 10 Danish law firms. The firm’s many expert litigators include lawyers specialising in capital markets and securities litigation, and the litigation department has substantial experience with complex, multi-party litigation.

IMF is one of the leading global litigation funders, headquartered in Australia and with offices in the US, Singapore, Canada, Hong Kong, and the UK. IMF has built its reputation as a trusted provider of innovative litigation funding solutions and has established an increasingly diverse portfolio of litigation funding assets.

IMF has a highly experienced litigation funding team overseeing its investments. We have a 90 % success rate over 179 completed investments and have recovered over A$1.4 billion for clients since 2001.