Summary of the Case
In 2019, the Norwegian subsidiary of Edison International fell victim to one of Norway’s largest fraud cases. The CEO received a request from someone posing as the company’s top executive, asking to transfer 130 million Norwegian kroner from the company’s account.
Edison International argued that Danske Bank should be held accountable for the loss, partly because Danske Bank had placed the energy company on a so-called “exception list” – a list that exempted the company’s transactions from the bank’s automatic fraud detection system.
The case went on for seven days in Oslo District Court. In February 2022, Edison International was awarded 31.4 million Norwegian kroner. The court concluded that Danske Bank was liable for damages due to negligence, but reduced the compensation amount due to the plaintiff’s own actions.
The case has been appealed to the Court of Appeals by Danske Bank.
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