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Rotter – Giving Rights to Investors and Bank Customers

For many years, ROTTER RECHTSANWÄLTE have been ranking among the leading European law firms specialized in banking and capital market law. In our office in Munich, we provide private and institutional investors and bank customers with the first-class expertise, the experience and comprehensive service necessary to win even the most complex banking and capital market cases – both nationally and internationally. Since formation of our law firm in 1998, we have brought about a great number of rulings of the highest courts in favour of investors, and thereby contributed to improving investment laws both in Germany and Europe. This is why we have been appointed by numerous courts as attorneys in complex actions for damages, thereby assuming responsibility for several thousand investors. Whether you intend to close an investment deal or your investment has failed, there are at least 10 reasons to consult us.


Wirecard: Shareholder claims

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

Musterfeststellungsklage gegen Sparkasse Nürnberg

Am 29.07.2020 hat der von unserer Kanzlei vertretene Verbraucherzentrale Bundesverband e.V. Musterfeststellungsklage gegen die Sparkasse Nürnberg eingereicht.

Die Sparkasse Nürnberg und ihre Rechtsvorgängerinnen (Stadtsparkasse Nürnberg und Kreissparkasse Nürnberg) haben seit den 1990er Jahren mit Verbrauchern formularmäßige Sparverträge unter der Bezeichnung „Prämiensparen flexibel“ abgeschlossen. Die Sparkasse Nürnberg hat nach der gemeinsamen Einschätzung des Musterklägers und unserer Sozietät die anfallenden Zinsen falsch berechnet und den Verbrauchern erhebliche Zinsbeträge vorenthalten.

Der Musterkläger begehrt im Rahmen der Musterfeststellungsklage insbesondere die Klärung, dass die von der Beklagten verwendete Zinsanpassungsklausel unwirksam ist und möchte erreichen, dass das Bayerische Oberste Landesgericht die Zinsanpassungsmodalitäten für die variable Verzinsung allgemeinverbindlich festsetzt.

Zudem begehrt der Musterkläger die Klärung, dass der Sparkasse Nürnberg kein ordentliches Kündigungsrecht zu den Prämiensparverträgen zusteht.

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