Hagens Berman Alerts Danske Bank (Other OTC: DNKEY) Investors to Securities Fraud Class Action and March 11, 2019 Lead Plaintiff Deadline
Feb 13, 2019, 09:30 ET
SAN FRANCISCO, Feb. 13, 2019 /PRNewswire/ -- 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. The complaint was filed on January 9, 2019 in the United States 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 (the "class period") and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
https://www.hbsslaw.com/cases/DNKEY
or contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing
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.
Whistleblowers: Persons with non-public information regarding Danske Bank should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email DNKEY@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 80+ attorneys in 10 offices across the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 510-725-3000
SOURCE Hagens Berman Sobol Shapiro LLP