Danske Bank Case Update (July 2020): Deadline Approaching for ISAF Management/Pomerantz/Lieff/TILP Action

CompanyDanske Bank
JurisdictionDenmark
ExchangeXCSE
ClaimsMisleading or untrue statements in published information, and violation of disclosure requirements
Participation DeadlineSeptember 1, 2020
Relevant PartiesISAF Management/Pomerantz/Lieff/TILP/Nemeth/Lemstra
Relevant Period9/5/2017 - 5/14/2019

Last year, we spotlighted the Danske Bank opt-in recovery opportunity for investors brought forward by six competing organizers proposing actions – click here for the case spotlight.

  • Grant & Eisenhofer/DRRT
  • Burford Capital/Stewarts Law
  • Innsworth
  • Deminor
  • ISAF Management/Pomerantz/Lieff/TILP
  • IMF Bentham/Quinn Emanuel

Recovery efforts have been fluid with the six organizers and all of the organizers have substantial experience successfully prosecuting high-profile global securities matters. However, unlike other matters, the organizer offerings differ significantly in ways that make choosing among them difficult including relevant time periods, registration deadlines, and proposed retention terms.

UPDATE 

For the action involving ISAF Management/Pomerantz/Lieff/TILP, there is an upcoming participation deadline of September 1, 2020.

This recovery effort involves a consortium of two leading US securities law firms (Pomerantz and Lieff), a German law firm (TILP) specializing in investor recovery, a Dutch litigation firm (Lemstra), a global organizer and funder (ISAF), and a local Danish counsel (Nemeth).

NEXT STEPS

If you wish to evaluate action against Danske Bank, please contact your FRT Representative or email us to arrange a call with the FRT team to discuss your losses and other criteria you may want to consider in selecting an organizer.

Learn More

To learn more about how FRT can help your firm identify and monitor global opt-in securities litigation opportunities, visit our website.

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