NEW YORK, Jan. 31, 2019 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in
Danske Bank A/S ("Danske Bank" or the "Company")(Other OTC:DNKEY) of the March 11, 2019 deadline to seek the role of lead plaintiff
in a federal securities class action that has been filed against the Company.
If you invested in Danske Bank stock or options between January 9, 2014 and October 23, 2018 and would like to
discuss your legal rights, click here: www.faruqilaw.com/DNKEY. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at
212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.
CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased
Danske Bank American Depositary Receipts ("ADRs") between January 9, 2014 and October 23, 2018 (the "Class Period"). The case,
Plumbers & Steamfitters Local 773 Pension Fund v. Danske Bank A/S et al., No. 19-cv-00235 was filed on January 9, 2019,
and has been assigned to Judge Valerie E. Caproni.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1)
Danske Bank’s Estonian branch was facilitating money laundering through at least March 2016; (2) that a whistleblower had reported
the Estonian money laundering to the Company in 2013; (3) that Denmark’s Financial Supervisory Authority (the "DFSA") had been
investigating the Estonian money laundering since 2014; (4) that Danske Bank had concealed the results of its own internal
investigation from the DFSA, further exposing it to regulatory action and fines; and (5) that Danske Bank had been overstating its
historical profits by including the profits derived from its illicit Estonian operations.
As the market learned the full extent of the Company’s prior reliance on illicit profits and its resulting exposure to
regulatory action between September 2017 and October 23, 2018, the market price of Danske Bank ADRs fell to as low as $9.50 each,
erasing more than $2.54 billion in market capitalization.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is
adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the
putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and
remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff
or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Danske Bank's conduct to contact the firm, including
whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to
any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential
manner.
