Oil fund claims over half of total compensation in case against former Danske CEO

The class action suit against the former CEO of Danske Bank Thomas Borgen includes the oil fund, which has mounted a compensation claim that is as large as that of all the other plaintiffs put together.

Former CEO of Danske Bank Thomas Borgen | Photo: Stine Bidstrup/ERH

A class action suit against the former CEO of Danske Bank, Thomas Borgen, has made it into court.

Borgen is being personally sued by a group of 155 individual plaintiffs, who have made a total compensation claim of DKK 2.4bn (EUR 328m) for losses endured after Danske Bank’s share price plummeted in the wake of the money laundering scandal.

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