Danske Bank A/S Class Action Lawsuit - DNKEY

Company
Danske Bank A/S (OTCMKTS: DNKEY)
Lead Plaintiff Deadline
March 11, 2019 (Expired)
Class Period
January 9, 2014 - October 23, 2018

Expired

Lead Plaintiff Deadline

Mar 11, 2019

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Allegations

(i) Danske Bank’s Estonian branch was facilitating money laundering through at least March 2016; (ii) a whistleblower had reported the Estonian money laundering to the Company in 2013; (iii) Denmark’s Financial Supervisory Authority (the “DFSA”) had been investigating the Estonian money laundering since 2014; (iv) Danske Bank had concealed the results of its own internal investigation from the DFSA, further exposing it to regulatory action and fines; (v) Danske Bank had been overstating its historical profits by including the profits derived from its illicit Estonian operations; and (vi) Danske Bank lacked effective internal and reporting controls.

Eligibility

In order to be eligible to join the DNKEY class action lawsuit, you must have incurred a loss on shares of purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in during the relevant time frame or pursuant to the relevant offering(s), you have until March 11, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Danske Bank A/S Class Action Lawsuit Details

Levi & Korsinsky announces a class action has commenced in the U.S.D.C. for the Southern District of New York on behalf of investors in Danske Bank A/S who purchased American Depositary Receipts (ADRs) between January 9, 2014 and October 23, 2018. If you suffered a loss in Danske Bank you have until March 11, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

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