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Danske Bank Investor Scandal

Investors suffered investment losses in Danske Bank's share price after disclosures related to EUR 200 billion money transfer scheme.

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Current Deadline

Battea will assist you with registering your claim in this case before the registration deadline of August 31, 2019.

Once your eligibility has been determined, the process is straightforward and Battea will coordinate with ISAF to efficiently manage the filing of this “Opt-In” claim.

In addition to assisting you with analyzing and registering your claim, we will provide ongoing research about legal developments and the outlook for resolution in the case.



A lawsuit is being filed in Copenhagen by some of the world’s leading international and Danish law firms, on behalf of investors who suffered investment losses in Danske Bank’s share price after various disclosures related to an estimated EUR €200 billion money transfer scheme involving non-resident Eastern European and Russian customers in the Bank’s Estonian Branch. Information about critical lapses in Danske Bank’s ‘know your customer’ and anti-money laundering internal enforcement policies, and its failure to act upon both internal and external warnings of non-compliance, caused a more than a 40% decline in Danske’s stock price resulting in losses for investors of more than USD $15 billion.

Collective actions known as “Group” actions in Denmark require investors to “Opt In”, in order to participate in any investor recovery payouts from a settlement or judgment.The most viable group litigation option for Battea’s clients will be to register with the International Securities Associations and Foundations Management Company (ISAF) Coalition, with Danish law firm, Németh Sigetty Advokatpartnerselskab managing the litigation on the ground and supported by the leading collective action law firms in Europe, TILP Rechtsanwaltsgesellschaft mbH and Lemstra Van der Korst NV, and American class action litigation firms, Pomerantz LLP and Lieff Cabraser Heimann & Bernstein, LLP.

Registration Deadline:August 31, 2019
Law Firms:Denmark:
Németh Sigetty Advokatpartnerselskab
Pomerantz LLP
Lieff Cabraser Heimann & Bernstein, LLP
TILP Rechtsanwaltsgesellschaft mbH
Lemstra Van der Korst NV
Investor Administration and Funding:International Securities Associations and Foundations Management Company (ISAF) Coalition
Class Definition:Investors who purchased Danske Bank A/S Ordinary shares during the class period
Relevant Period:Shares held as of September 4, 2017 and
subsequent transactions through May 15, 2019

Eligible Transactions:

Danske Bank common stock: ISIN DK0010274414 (primarily traded on Copenhagen Stock Exchange – Nasdaq Copenhagen)

Eligible Parties:

Investors who held shares held as of September 4, 2017 and
subsequent transactions through May 15, 2019.

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