Case: Danske Bank A/S
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September 11, 2018 – Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) has been investigating claims on behalf of investors of Danske Bank A/S American Depository Shares (“Danske” or the “Company”) (OTC: DNKEY) (CUSIP: 236363206).  

On July 18, 2018, Dow Jones reported that Danske shares declined up to 11% after Danske said it will forfeit an estimated $235.3 million that it made from transactions in its now-closed Estonian nonresident portfolio. Dow Jones further reported that Danske is investigating potential money-laundering activities at the unit, and the Company disclosed that it will make the gross income generated from transactions in the unit between 2007 and 2015 “available for efforts that support the interest of the societies in which we operate, such as combating international financial crime.”  The announcement came as the Company disclosed that full-year net profit will be at the lower end of its previously guided range, and that the estimate excludes any financial effects from the Estonian probe. 

On September 7, 2018, the Wall Street Journal reported that Danske “is investigating whether companies with ties to Russia used it to launder money, examining $150 billion in transactions that flowed through a tiny branch in Estonia, according to people familiar with the matter.  The $150 billion figure, covering a period between 2007 and 2015, has been presented to the bank’s board of directors and would equal to more than a year’s worth of the corporate profits for the entire country of Russia at the time.”  Danske shares declined as much as 7% on this news.  

If you are an investor in Danske ADSs and would like to discuss our investigation, please contact us by emailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it or by calling 800-290-1952.  

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this Notice, the action, your rights, or your interests, please contact: 

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
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Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400 
San Francisco, California  94104
(415) 772-4700
Fax:  (415) 772-4707
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