Hagens Berman Alerts Investors in Danske Bank A/S (DNKEY) to the Firm's Investigation of Possible Disclosure Violations and Money Laundering Probe
SAN FRANCISCO, July 25, 2018 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP alerts investors in Danske Bank A/S (DNKEY) to the firm's investigation into possible disclosure violations. If you purchased or otherwise acquired Danske Bank securities before July 18, 2018 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
On July 12, 2018, MarketWatch reported Danske Bank's head of compliance is resigning as the Company continues to confront a money-laundering scandal in Estonia. The Company admitted its anti- money-laundering internal controls were insufficient.
On July 18, 2018, Danske Bank stated it will forgo profits made from transactions in Estonia that are subject to a money-laundering probe and that its 2018 net profit will be at the low end of its target range.
This news drove the price of Danske Bank shares down $1.43, or over 9%, to close at $13.81 on July 18, 2018.
"We're focused on investors' losses, Danske Bank's admitted insufficient controls, the compliance officer's resignation, and the extent to which the Company may have reported illegally earned profits in its financial reports," 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 [email protected].
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
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