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.
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 is working alongside its partner firm DRRT in order to bring the claim on behalf of instituitional investors.
Professional Negligence / Securities Litigation / Investor Loss / Collective Redress
Financial Services
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