Plumbers & Steamfitters Local 773 Pension Fund v. Danske Bank A/S
- Valerie Caproni
- 1:19-cv-00235
- U.S. District Court · Southern District of New York
- 1
In Plumbers & Steamfitters Local 773 Pension Fund v. Danske Bank A/S, Judge Caproni granted defendants’ motion to dismiss and closed the case.
The plaintiffs’ Third Amended Complaint was dismissed with prejudice after the court granted the defendants’ motion to dismiss and denied leave to amend. The case was closed.
What happened
Plumbers & Steamfitters Local 773 Pension Fund v. Danske Bank A/S involved pension funds suing Danske Bank A/S and several individuals. The judgment does not describe the claims or the parties’ arguments.
The court’s judgment says it relied on reasons stated in a separate August 24, 2020 order. That order is not included in the provided text, so the specific basis for dismissal is unclear.
Judge Caproni granted the defendants’ motion to dismiss, denied the plaintiffs leave to amend, and dismissed the Third Amended Complaint with prejudice. The case was closed.
The detailed version
- Plumbers & Steamfitters Local 773 Pension Fund v. Danske Bank A/S · No. 1:19-cv-00235
- Valerie Caproni
- Aug. 24, 2020
Background
The plaintiffs were Plumbers & Steamfitters Local 773 Pension Fund, Boston Retirement System, Teamsters Local 237 Additional Security Benefit Fund, and Teamsters Local 237 Supplemental Fund for Housing Authority Employees. They sued Danske Bank A/S and Thomas F. Borgen, Henrik Ramlau-Hansen, Jacob Aarup-Andersen, and Ole Andersen, individually and on behalf of others similarly situated.
Ruling
The judgment states that, for the reasons given in the court’s August 24, 2020 order, the defendants’ motion to dismiss was granted. The provided judgment does not explain the specific legal grounds for that ruling.
The court denied the plaintiffs leave to amend. It stated that the plaintiffs had already had an opportunity to amend once in response to a motion to dismiss and that their arguments did not indicate that the complaint’s defects could be cured. The Third Amended Complaint was dismissed with prejudice, and the case was closed.
Read the full 1-page opinion on CourtListener, the free public archive maintained by the Free Law Project.