Subject: ATY
SWEDBANK INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates Swedbank AB for Possible Securities Fraud - SWDBY
NEW ORLEANS, La., March 22, 2019 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Swedbank AB (OTC: SWDBY).
On February 20, 2019, a Swedish television investigative program reported that it had uncovered documents linking the Company to a money laundering scandal with Denmark's Danske Bank involving 40 billion kronor ($4.3 billion) in suspicious transfers between 2007 and 2015. The next day, financial regulators from Sweden and Estonia announced a joint investigation into the matter.
On this news, the price of Swedbank's shares plummeted.
KSF's investigation is focusing on whether Swedbank and/or its officers and directors violated state or federal securities laws.
If you are a Swedbank shareholder and have suffered losses, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/otc-swdby/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include the 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 www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163
SOURCE Kahn Swick & Foti, LLC
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