World News: 03:50 GMT Saturday 12th January 2019. [Kahn Swick & Foti, LLC via Globe Newswire via SPi World News]
NEW ORLEANS, Jan. 11, 2019 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until to file lead plaintiff applications in a securities class action lawsuit against Danske Bank A/S (OTC: DNKEY), if they purchased the Company’s American Depositary Receipts (“ADRs”) between January 9, 2014 and October 23, 2018, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased ADRs of Danske and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or visit to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by .
About the Lawsuit
Danske and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 23, 2018, media reports revealed the full extent of information provided by a whistleblower to Danske regarding money laundering activities in 2013, which it subsequently concealed while including profits from the illicit activities in its reporting, exposing it to regulatory action and fines.
On this news, the price of Danske’s ADRs plummeted, erasing more than $2.54 billion in market capitalization.
The case is , No. 19-cv-00235.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit .
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner1-877-515-18501100 Poydras St., Suite 3200New Orleans, LA 70163
Globe Newswire: 03:50 GMT Saturday 12th January 2019
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 0751938.