Danish Bank hauled into court by dissatisfied investors

May 23rd, 2011
Story by Simon Munch | NPinvestor

An elderly Englishman plaintiff Danish Bank after a loss of 800,000 euros. The daily newspaper Jyllands-Posten Monday.

The Englishman has sued Danish Bank, as he believes that the bank has given him the wrong information in the information which prompted him to invest in the bank.

– Danish Bank has simply given incorrect information to my client. He has therefore been lured into an investment which he never should have made, “said lawyer Antonio Flores from Lawbird Legal Services, headquartered in Marbella in southern Spain to the newspaper.

The English investors borrowed in 2004 1 million. euro by Danish bank, which at that time had a branch in southern Spain. The money was invested through the Danish Bank branch in Luxembourg, but since then the value has declined by 800,000 euros, said the newspaper.

Translated with Google Translate

Original Story in Danish

Danske Bank hives i retten af utilfreds investor

En ældre englænder sagsøger Danske Bank efter et tab på 800.000 euro. Det skriver Morgenavisen Jyllands-Posten mandag.

Englænderen har lagt sag an mod Danske Bank, da han mener, at banken har givet ham forkerte oplysninger i det informationsmateriale der fik ham til at investere i banken.

– Danske Bank har ganske enkelt givet urigtige oplysninger til min klient. Han er derfor blevet lokket ud i en investering, som han aldrig burde have foretaget, siger advokat Antonio Flores fra Lawbird Legal Services, der har hovedkontor i Marbella i Sydspanien til avisen.

Den engelske investor lånte i 2004 1 mio. euro af Danske Bank, som på det tidspunkt havde en afdeling i Sydspanien. Pengene blev investeret via Danske Banks afdeling i Luxembourg, men siden da er værdien faldet med 800.000 euro, oplyser avisen.

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