PROPOSED SECURITIES CLASS ACTION AGAINST DANSKE BANK A/S

ACT NOW TO PARTICIPATE IN THE ACTION

U.S. Market Advisors Law Group PLLC is preparing for the filing of a securities fraud class action against Danske Bank A/S (OTC:DNKEY), on behalf of investors who suffered losses from purchases of Danske Bank ADRs between February 6, 2014 and October 4, 2018.

Contact Us to participate in the action and to receive the complaint before it is filed. You may also contact Managing Attorney David P. Abel to discuss this matter at no obligation or cost: (202) 274-0237, [email protected].

According to the proposed complaint, Danske Bank made false and misleading statements and failed to disclose: (i) Danske Bank’s internal controls related to anti-money laundering (AML) were materially weak, deficient and frequently disregarded; (ii) Danske Banks’s Board of Directors and Executive Board failed to monitor for and address money laundering activities; and (iii) Danske Bank’s AML operations did not comply with applicable laws.

Through a series of partial disclosures, Danske Bank’s investors began to learn the truth about the bank’s operations and money laundering exposure. These revelations include: (i) a May 3, 2018 report from Denmark’s financial authority detailing how Danske Bank has “historically not lived up to its obligations in the AML area”; (ii) a September 19, 2018 internal investigation report from Danske Bank admitting AML failures and that the probe encompasses more than $230 billion in transactions; and (iii) an October 4, 2018 announcement that Danske Bank was speaking with U.S. authorities about the money laundering scandal and had received a requests for information from the Department of Justice.

As a result of the cascading negative disclosures, Danske Bank’s ADR price declined by nearly 50% between February 2018 and October 2018, causing severe harm to investors.