The saga of Danske Bank AML scandal continues and depends as investors filed a claim against the bank for 475 Million USD considered as damages produced to their investment due to the fines, poor management and reputational implications of the Laundromat scandal.
Investors claim that as the bank failed to comply with regulations the damage is to be considered as caused for negligence.
The share price halved during 2018 while further drops are expected as the investigations, fines and legal proceeds affect the bank and key officers.
While the bank claims that they have provided all information to investors, the lawsuit states that non-compliance was never disclosed as a Bank policy.