Danske Bank A/S (Other OTC: DNKEY)

DEFENDANT NAME: Danske Bank A/S
STOCK SYMBOL: OTC PINK: DNKEY
CASE NUMBER:
CASE NAME:
COURT: U.S. District Court for the Southern District of New York
PRACTICE AREA: Investor Fraud
STATUS: Investigation
CLASS PERIOD: Jan. 9, 2014 and Oct. 23, 2018
LEAD PLAINTIFF DEADLINE: Mar. 11, 2019
DATE FILED:
COURT LOCATION:
RELATED DOCUMENTS:
CONTACT:
510-725-3000 DNKEY@hbsslaw.com

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.


Hagens Berman purchases advertisements on search engines, social media sites and other websites. Transmission of the information contained or available through this website is not intended to create, and receipt does not constitute, an attorney-client relationship. If you seek legal advice or representation by Hagens Berman, you must first enter a formal agreement. All information contained in any transmission is confidential and Hagens Berman agrees to protect information against unauthorized use, publication or disclosure. This site is regulated by the Washington Rules of Professional Conduct.

Back to all cases

Contact:

Please fill out the form below and we will get back to you as soon as we can.
 
*
*
*
*
*
*Required Field
Please list the date, quantity and share price of your purchases/sales during the Class Period so that we can calculate your losses. *
Upload your trade information. *
*
*
*
*
 

Case videos

Case Gallery

Case Timeline

07/25/18: Investigation