Banco Santander, S.A. (NYSE: SAN)

This investigation is for anyone who acquired securities in Banco Santander, S.A. (NYSE: SAN) prior to February 4, 2024.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company complied with the law but then by violating U.S. sanctions on Iran.

On February 4, 2024, the Financial Times published an article alleging, among other things, that Iran used Santander to “covertly move money around the world as part of a vast sanctions-evasion scheme backed by Tehran’s intelligence services.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Banco Santander, S.A. (NYSE: SAN) prior to February 4, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.