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Hagens Berman Updates Investors in Danske Bank A/S (DNKEY) Concerning the Firm’s Ongoing Investigation of Possible Disclosure Violations Concerning Potential Money Laundering and Reported U.S. Department of Justice Inquiry

SAN FRANCISCO, Oct. 10, 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 September 18, 2013 and September 21, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information visit:

https://www.hbsslaw.com/cases/DNKEY

/EIN News/ -- or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing

DNKEY@hbsslaw.com.

Danske Bank has acknowledged that “major deficiencies in controls and governance […] made it possible to use Danske Bank’s branch in Estonia for criminal activities such as money laundering.”

During the last two months, the press has reported that law enforcement authorities want to know why Danske’s tiny branch processed billions of dollars during 2007 through 2015 from foreign countries, mainly Russia.

The Company recently reported its CEO resigned and millions of potentially suspicious transactions, valued at about $234 billion, were funneled through Estonia.

Reuters reported on October 4, 2018 that the Company faces a U.S. criminal investigation in addition to those being conducted by Britain’s National Crime Agency and others.

In response, the price of Danske ADRs has steeply fallen this year.

“We’re focused on investors’ losses, Danske’s admitted insufficient controls, senior executives’ departures, senior management’s reported knowledge, 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

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