Danske Must Fight Shareholder Suit Over Laundering Scandal (1)

A U.S. class action lawsuit against the Danish bank at the center of Europe’s biggest money laundering scandal will go forward after a court rejected its request to dismiss the case.

Danske Bank A/S must respond to an amended investor complaint by mid-September, according to an Aug. 7 order by the U.S. District Court for the Southern District of New York. The bank may either answer the revised complaint or file an “appropriate motion,” the order said.

Investors in American depositary receipts of Danske, which is the target of criminal investigations in the U.S. and across Europe, want compensation for ...