Governance Financial Services Collective Redress Investor Loss Professional Negligence Securities Claim

Wirecard

The Case

This case is a claim against EY as auditor of Wirecard for allegedly breaching standards of professional conduct causing loss to the company’s shareholders. The claim is brought by various institutional investors who held stock in the company between 2015 and 2020.

Why It’s Significant

The Wirecard scandal is one of the biggest accounting scandals in Germany ever, causing billions of Euros of damages to investors. The claim is an example of proceedings under the German Capital Markets Model Act to seek redress for institutional investors.

Therium’s Solution

Therium is working alongside its partner firm DRRT in order to bring the claim on behalf of instituitional investors.

Specialism

Professional Negligence / Securities Litigation / Investor Loss / Collective Redress

Sector

Financial Services

Meet The Team

Case Studies