Business

Swedbank AB (publ) (OTC: SWDBY) Investor Investigation over possible Violations of Securities Laws

Press Release

An investigation on behalf of investors of Swedbank AB (publ) (OTC: SWDBY) shares over potential securities laws violations by Swedbank AB (publ) (OTC: SWDBY and certain of its directors and officers in connection with certain financial statements was announced.

Investors who purchased shares of Swedbank AB (publ) (OTC: SWDBY), have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Swedbank AB (publ) (OTC: SWDBY) concerning whether a series of statements by Swedbank AB (publ) (OTC: SWDBY regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Sweden based, Swedbank AB (publ) provides various banking products and services to private, corporate, and organizational customers. Swedbank AB (publ) reported that its annual Total Revenue rose from over 41.15 billion SEK in 2017 to over 43.7 billion SEK in 2018 and that its Net Income increased from over 19.35 billion SEK in 2017 to over 21.16 billion SEK in 2018.
On or around February 20, 2019, a Swedish TV program reported that it had uncovered documents linking Swedbank AB k to a money laundering scandal with Denmark’s Danske Bank and alleged that at least 40 billion Swedish crowns ($4.25 billion) had moved between Swedbank AB and Danske Bank accounts between 2007 and 2015, and Estonian prosecutors confirmed that they were “checking out the claims as part of [their] Danske investigation.”

Shares of Swedbank AB (publ) (OTC: SWDBY) declined to as low as $17.50 per share on February 21, 2019.

Those who purchased shares of Swedbank AB (publ) (OTC: SWDBY) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
[email protected]

About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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