Danish OW investors sue banks
A consortium of 24 Danish institutional investors also sue the banks Morgan Stanley and Carnegie for prospect liability in the OW Bunker case. Thus, the defendant's circle of claims for damages of approximately DKK 767 million is extended to OW Bunker A/S under bankruptcy.
"The consortium has chosen to sue Morgan Stanley and Carnegie. This is based on new information in a comprehensive attachment from the bankruptcy estate, which we have only accessed in the spring. Our assessment is that the banks have been aware of OW Bunker's speculation activities and that the banks have helped to mislead investors. Based on this, they can be made responsible for damages," says Tomas Krüger Andersen, Legal Director of ATP's Investment Department on behalf of the consortium.
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