Hagens Berman Alerts Swedbank (SWDBY) Investors of Investigation of Possible Disclosure Violations and Money Laundering
SAN FRANCISCO, March 29, 2019 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP alerts investors in Swedbank AB (Other OTC: SWDBY) of the firm's investigation of possible violations of the Federal securities laws. If you purchased or otherwise acquired Swedbank securities before March 28, 2019 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information about the investigation click
https://www.hbsslaw.com/cases/SWDBY
or contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing
Beginning in February 2019, the press began reporting on the Swedish and Estonian financial watchdogs' joint investigation following a report linking Swedbank to a Baltic money laundering scandal involving Danske Bank.
Since then, the scandal has deepened. The New York Department of Financial Services reportedly opened an investigation and, on March 28, 2019, Bloomberg reported Swedbank fired its CEO over the money laundering allegations.
By March 28, 2019, the price of SWDBY has fallen over 30%.
"We're focused on investors' losses, money laundering events as they unfold, and the extent to which investors may have been misled," said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Swedbank 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 78 attorneys in 9 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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