IMF Bentham proposes to fund Danske Bank shareholder action

Company News

by Rachael Jones

Global litigation funder, IMF Bentham (ASX:IMF) has proposed to fund claims of certain shareholders of Danske Bank who suffered loss after acquiring shares in Danske Bank between a specific period.

They will do this through its Rest of the World funds on a conditional basis.

The claims relate to alleged perceived errors and omissions committed by Danske Bank’s management and Danske Bank’s failure to disclose to the market the circumstances and magnitude of alleged unlawful activities within its Estonian branch.

IMF have teamed up with legal experts Quinn Emanuel and Njord Law Firm.

This is the first investment sourced and to be managed by IMF’s wholly owned subsidiary based in London, IMF Litigation Funding Services Limited (IMF LFS)

Shares in IMF Bentham Limited (ASX:IMF) closed 3.53 per cent higher at $2.93 yesterday.