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Danske's Bid to Stop U.S. Class Action Lawsuit Hits Obstacle

  • New York judge denies Danske’s motion to dismiss as moot
  • Money laundering scandal has sent Danske securities plunging
A flag flies above the headquarters of Danske Bank in Copenhagen.

A flag flies above the headquarters of Danske Bank in Copenhagen.

Photographer: Freya Ingrid Morales/Bloomberg
Updated on

A U.S. class action lawsuit against the Danish bank at the center of Europe’s biggest money laundering scandal is set to continue after a court denied as moot a request to dismiss the case.

Danske Bank A/S must respond to an amended investor complaint by mid-September, according to an Aug. 7 order by the U.S. District Court for the Southern District of New York. The bank may either answer the revised complaint or file an “appropriate motion,” the order said. That could include renewing its motion to dismiss.