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Wirecard: Shareholder claims
Update February 14, 2024:
The first oral hearing in the model case action against EY and others will presumably be held in autumn 2024 according to a press release published by the court today.
Update March 13, 2023:
The court today announced the lead plaintiff in the model case action against EY and Dr. Markus Braun. Within a period of 6 months other defrauded investors now will be able to register their claims with the court. This registration has to be executed by a lawyer licensed in Germany.
→ Court decision lead plaintiff
For further information please contact: Rechtsanwalt Bernd Jochem (+49 89 64 98 45-0; jochem@rrlaw.de)
Update August 25, 2020:
The relevant Munich court yesterday officially opened the insolvency proceeding and appointed Michael Jaffé as the permanent administrator.
The court also has set October 26, 2020 as the deadline for the filing of claims in the proceeding and scheduled the first creditors’ meeting for November 18, 2020.
Update June 25, 2020:
Today Wirecard’s management board has decided to file an application for the opening of insolvency proceedings due to impending insolvency and over-indebtedness.
We therefore will also seek to protect the interests of defrauded inverstors in this insolvency proceeding. Furthermore we will investigate claims against the auditors Ernst & Young and (ex-) board members personally.
June 19, 2020:
We are pursuing possible shareholder claims against Wirecard AG (ISIN DE0007472060) based on the failure to disclose information about an insufficient compliance system within the company and a potential manipulation of the balance sheet under Section 97 of the German Securities Trading Act and Section 826 of the German Civil Code.
On June 18, 2020 Wirecard acknowledged that the failure to complete an audit by June 19 may lead to the termination of 2 billion euros in loans, thus putting pressure on the available cash of the company. Shares plunged more than 60% due to the delayed publication of the annual financial results of the company when Wirecard revealed that auditors were unable to find about EUR 1.9 billion in cash in escrow accounts held at two Asian banks.
For further information please contact: Rechtsanwalt Klaus Rotter (+49 89 64 98 45-0; rotter@rrlaw.de); Rechtsanwalt Bernd Jochem (+49 89 64 98 45-0; jochem@rrlaw.de)
News
Saalesparkasse: Urteil des Bundesgerichtshofs zu Prämiensparverträgen
Der XI. Zivilsenat des Bundesgerichtshofs hat mit Urteil vom 09.07.2024 nunmehr über das von unserer Kanzlei für den Verbraucherzentrale Bundesverband (vzbv) im Wege der Musterfeststellungsklage gegen die Saalesparkasse erstrittene Urteil des Oberlandesgerichts Naumburg – Urteil vom 8. Februar 2023 – 5 MK 1/20 – entschieden.
Die gegen das Urteil des Oberlandesgerichts Naumburg eingelegte Revision wurde vom BGH zurückgewiesen. Das von unserer Kanzlei für den vzbv erstrittene Urteil wurde damit vom BGH vollumfänglich bestätigt.
Für die betroffenen Verbraucher steht nunmehr endlich fest, wie die Vertragszinsen zu den betroffenen Prämiensparverträgen der Saalesparkasse zu berechnen sind. Demnach sind bei der Neuberechnung insbesondere die Zinsreihe der Deutschen Bundesbank für Bundeswertpapiere mit einer Restlaufzeit von 8 bis 15 Jahren (derzeitige Kennung BBSIS.M.I.UMR.RD,EUR.S1311.8,A604.R0815.R.A.A._Z._Z.A, vormals WU 9554) und [...]