SAN DIEGO, Sept. 15, 2018 /PRNewswire/ -- Johnson Fistel, LLP, a shareholder rights law firm, is investigating potential claims on behalf of investors of Danske Bank A/S DNKEY ("Danske"). Danske provides banking products and services to various customers. [click here to join this action]

On July 18, 2018, Danske said it would forgo profits made from transactions in Estonia that are subject to a money laundering investigation and that its 2018 net profit would be at the low end of its target range. Danske stated that it wants to pay back approximately $230 million earned in profits in connection with its alleged role in an international money laundering scheme involving illicit funds from Russia, Azerbaijan, and Moldova. Following this news, the price of Danske's securities fell over 9.42% on July 18, 2018. 

On August 6, 2018, the Wall Street Journal disclosed that "Denmark's public prosecutor for special economic crime had begun a criminal investigation against Danske Bank . . .for potential money-laundering offenses," noting that the "Danish Public Prosecutor for Serious Economic and International Crime's investigation announced Monday relates to transactions carried out through the bank's Estonian branch." 

Then on September 4, 2018 Reuters reported 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 over 6.0% to close at $13.73.

Most recently on September 14, 2018, the Wall Street Journal reported the U.S. Justice Department, Treasury, and SEC are investigating the bank.  Following this news, the price of Danske ADRs fell 1.98% to close at $13.15 on September 14, 2018.

If you are a shareholder who suffered a loss and are interested in learning more about your legal rights and remedies, please contact Jim Baker (jimb@johnsonfistel.com) by email or by phone at 619-814-4471. If you email, please include your phone number.

Additionally, you may [click here to join this action]. There is no cost or obligation to you.

About Johnson Fistel, LLP:

Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:

Johnson Fistel, LLP

Jim Baker, 619-814-4471

jimb@johnsonfistel.com

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SOURCE Johnson Fistel, LLP