FEDERAL COURT IN NEW YORK DISMISSES SECURITIES FRAUD CLASS ACTION AGAINST ESTONIA’S DANSKE BANK (“DB”) AND FORMER OFFICERS AND BOARD MEMBERS

George BenaurBusinessLeave a Comment

New York, New York. The class action plaintiffs’ claims centered on alleged misrepresentations about DB’s financial condition given extensive breakdowns in anti-money laundering (“AML”) controls at DB’s branch in Estonia between approximately 2007 and 2015, and also the fallout from the discovery of the lapses.  The Southern District of New … Read More