For the second time, LETT has succeeded in negotiating a settlement between Jyske Bank and investors having lost money on so-called JIHMO shares.

The settlement ends a group action against Jyske Bank and Jyske Invest by the bank compensating 80% of the investors' losses, equivalent to approximately DKK 23 million. The case is an offshoot of an earlier group action with 1,100 investors resolved by a settlement on similar conditions. Altogether, LETT has assisted approximately 1,200 JIHMO investors in having more than DKK 220 million of their losses compensated.

Henrik Puggaard, who has been in charge of the settlement, is pleased to have assisted the many investors in recouping most of their losses and notes that all members of the investment fund have supported the settlement.