Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

Hagens Berman Updates Investors in Danske Bank A/S (DNKEY) Concerning the Firm's Ongoing Investigation of Possible Disclosure Violations and Recently Reported U.S. Law Enforcement Inquiry

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/14/2018 | 02:52pm EST

SAN FRANCISCO, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP updates investors in Danske Bank A/S (DNKEY) concerning the firm’s investigation into possible disclosure violations.  If you purchased or otherwise acquired Danske Bank ADRs between August 30, 2013 and September 13, 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

DNKEY@hbsslaw.com.

On July 18, 2018, Danske stated it will forgo profits made from suspicious transactions in Estonia, driving the price of Danske ADRs down $1.43, or over 9%, to close at $13.81 that day.

When Reuters reported on September 4, 2018 that Danske handled up to $30 billion of Russian and ex-Soviet money via its Estonian branch in 2013 alone, the price of Danske ADRs fell about 6.5% to close at $13.73.

When the Wall Street Journal reported $150 billion that flowed through its Estonian outpost are being studied, Danske ADRs traded down over 5% to close at $13.65 on September 7, 2018.

Today, the WSJ reported the U.S. Justice Department, Treasury, and SEC are investigating the bank.  The price of Danske ADRs fell as much as 3%.

“We’re focused on investors’ losses, Danske’s admitted insufficient controls, the compliance officer’s resignation, and the extent to which the Company may have reported illegally earned profits in several years’ of 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 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

Hagens Berman Sobol Shapiro LLP Logo


© GlobeNewswire 2018
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Companies"
10:23pMARENICA ENERGY : Executes its Strategy to Acquire Uranium Deposits
PU
10:18pAVZ MINERALS : Remarkable Drill Results Confirm Carriere de l'Este Prospect
PU
10:11pMITSUBISHI HEAVY INDUSTRIES : MHPS Receives Order from Chinese Steelmaker for M701S(DA)X Gas Turbine and Other Key Components for Thermal Power Generation
AQ
10:03pOK BLOCKCHAIN CAPITAL : releases January Blockchain Industry Report
PR
10:03pOIL SEARCH : delivers strong results despite devastating earthquake
PU
10:01p2020 Ski-Doo Lineup Redefines Utility Segment and Increases Deep Snow Performance
GL
10:00pYUM BRANDS : Mongolia suspends KFC outlets after hundreds show food poisoning symptoms
RE
09:56pS OIL : to supply $2.32 billion worth of oil products to Saudi Aramco's trading arm
RE
09:51pVALE : China steel futures gain as iron ore resumes uptrend
RE
09:43pLINX : 4Q18 Earnings Release
PU
Latest news "Companies"
Advertisement