NEW YORK, Feb. 22, 2019 (GLOBE NEWSWIRE) -- Pawar Law Group reminds shareholders who purchased shares of Danske
Bank A/S (OTC: DNKEY) from January 9, 2014 through October 23, 2018, inclusive (the “Class Period”) of the important March 11, 2019
lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for Danske investors under the federal securities
laws.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no
later than March 11, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, go to http://pawarlawgroup.com/cases/danske-bank-a-s/ or to discuss your rights or interests regarding
this class action, please contact Vik Pawar, Esq. of Pawar Law Group toll free at 888-589-9804 or via e-mail at info@pawarlawgroup.com.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or
failed to disclose that: (1) Danske’s Estonian branch was facilitating money laundering through at least March 2016; (2) a
whistleblower had reported the Estonian money laundering to Danske in 2013; (3) Denmark’s Financial Supervisory Authority (the
“DFSA”) had been investigating the Estonian money laundering since 2014; (4) Danske had concealed the results of its own internal
investigation from the DFSA, further exposing Danske to regulatory action and fines; (5) Danske had been overstating its historical
profits by including the profits derived from its illicit Estonian operations; (6) Danske lacked effective internal and reporting
controls; and (7) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the
true details entered the market, the lawsuit claims that investors suffered damages.
No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one.
You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to
share in any future recovery is not dependent upon being a lead plaintiff.
Pawar Law Group represents investors from around the world.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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Contact:
Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (917) 261-2277
Fax: (212) 571-0938
info@pawarlawgroup.com
