Danske Bank A/S (Other OTC: DNKEY)
Hagens Berman Sobol Shapiro LLP alerts investors in Danske Bank A/S (Other OTC: DNKEY) to the March 11, 2019 Lead Plaintiff deadline in the securities class action pending in the U.S. District Court for the Southern District of New York.
If you purchased or otherwise acquired Danske Bank securities between January 9, 2014 and October 23, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more infomation contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing DNKEY@hbsslaw.com.
According to the complaint, Defendants misled investors concerning Danske’s business and operations including: (1) the facilitation of money laundering by Danske’s Estonian branch at least March 2016;
(2) the results of Danske’s internal investigation of suspicious transactions from Denmark’s Financial Supervisory Authority (“DFSA”); and, (3) reporting of illegally-earned revenues and profits.
Moreover, in addition to the DFSA’s investigation, U.S. law enforcement agencies have commenced their own investigations.
Between September 2017 and October 23, 2018, the price of Danske American Depositary Receipts has significantly fallen to close at $9.67 on October 23, 2018.
“We’re focused on investors’ losses, Danske’s admitted insufficient controls, senior executives’ departures, senior management’s reported knowledge, and the extent to which Defendants may have reported illegally earning profits during the class period,” said Hagens Berman partner Reed Kathrein.
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