Wirecard scandal

DGAP-News: SCHIRP & PARTNER Rechtsanwälte mbB: Munich Regional Court declares Wirecard balance sheets null and void

Retrieved on: 
Thursday, May 5, 2022

SCHIRP & PARTNER Rechtsanwlte mbB: Munich Regional Court declares Wirecard balance sheets null and void

Key Points: 
  • SCHIRP & PARTNER Rechtsanwlte mbB: Munich Regional Court declares Wirecard balance sheets null and void
    The issuer is solely responsible for the content of this announcement.
  • Munich Regional Court declares Wirecard's 2017 and 2018 balance sheets null and void - leading investor representatives see tailwind for damages litigation against EY.
  • Today's ruling by the Munich Regional Court declaring Wirecard AG's balance sheets for several years null and void is welcomed by leading investor representatives.
  • Schirp & Partner Rechtsanwlte mbB, Leipziger Platz 9, D - 10117 Berlin, phone +49 (0)30 327 617-0 (office)
    Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.

Press release - Wirecard: MEPs call for new audit rules, protection for whistle-blowers and EU supervision

Retrieved on: 
Wednesday, March 24, 2021

(DWS) and Matthias Hauer, member of the Deutsche Bundestag (MdB) and member of the Committee of Inquiry on Wirecard.

Key Points: 
  • (DWS) and Matthias Hauer, member of the Deutsche Bundestag (MdB) and member of the Committee of Inquiry on Wirecard.
  • Numerous members called for EU supervision to be enforced more effectively and better implementation of the existing laws, in particular those on anti-money laundering and banking supervision.
  • MEPs from both committees asked numerous questions about provisions that allow shareholders, supervisors and journalists to access information.
  • The Financial Times (FT) has reported inconsistencies in Wirecard accounting since 2015, and whistleblower allegations of fraud followed in 2019.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Wirecard AG (WCAGY, WRCDF)

Retrieved on: 
Friday, September 4, 2020

The Law Offices of Frank R. Cruz reminds investors of the upcoming September 8, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Wirecard AG (Wirecard, the Group, or the Company) (OTC: WCAGY , WRCDF ) securities between August 17, 2015 and June 24, 2020, inclusive (the Class Period).

Key Points: 
  • The Law Offices of Frank R. Cruz reminds investors of the upcoming September 8, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Wirecard AG (Wirecard, the Group, or the Company) (OTC: WCAGY , WRCDF ) securities between August 17, 2015 and June 24, 2020, inclusive (the Class Period).
  • On this news, the Companys share price fell $69.74, or over 69%, to close at $29.90 per share on June 18, 2020.
  • If you purchased or otherwise acquired Wirecard securities during the Class Period, you may move the Court no later than September 8, 2020 to request appointment as lead plaintiff in this putative class action lawsuit.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

IDnow acquires Wirecard Communication Services

Retrieved on: 
Tuesday, September 1, 2020

MUNICHand LEIPZIG, Germany, Sept. 1, 2020 /PRNewswire/ -- IDnow, a leading provider of Identity Verification-as-a-Service solutions and Wirecard Communication Services GmbH announce the signing of an agreement for the acquisition of Wirecard Communication Services by IDnow.

Key Points: 
  • MUNICHand LEIPZIG, Germany, Sept. 1, 2020 /PRNewswire/ -- IDnow, a leading provider of Identity Verification-as-a-Service solutions and Wirecard Communication Services GmbH announce the signing of an agreement for the acquisition of Wirecard Communication Services by IDnow.
  • With Wirecard Communication Services, IDnow will focus on providing identity services and continue to build additional capacity for the strong growth of IDnow identification processes.
  • Wirecard Communication Services GmbH was established on April 29, 2003, and is part of the Wirecard Group.
  • IDnow and Wirecard Communication Services have already been working together successfully for more than five years.

New York Financial Writers' Association Names 2020 Impact Award Recipients

Retrieved on: 
Wednesday, August 19, 2020

NEW YORK, Aug. 19, 2020 /PRNewswire/ --The New York Financial Writers' Association is pleased to name Dan McCrum, Stefania Palma, Olaf Storbeck and John Reed of the Financial Times the 2020 winners of the Impact Award for their series of reports that exposed a massive fraud at Wirecard.

Key Points: 
  • NEW YORK, Aug. 19, 2020 /PRNewswire/ --The New York Financial Writers' Association is pleased to name Dan McCrum, Stefania Palma, Olaf Storbeck and John Reed of the Financial Times the 2020 winners of the Impact Award for their series of reports that exposed a massive fraud at Wirecard.
  • In June, the payment processing company collapsed into insolvency, just days after revealing a $2.1 billion accounting hole at the core of its business.
  • Established by NYFWA in 2019, the Impact Award for Distinguished Financial Journalism honors a story or body of work by business journalists whose reporting spurred impact, irrespective of when the stories were published.
  • Founded in 1938, NYFWA is the oldest organization of its kind devoted to advancing business and financial journalism.

HAGENS BERMAN Files Amended Securities Complaint Against Wirecard (WCAGY; WRCDF) Expanding Class Period & Adding Auditor and Supervisory Board Member

Retrieved on: 
Wednesday, August 19, 2020

), notifies investors in Wirecard ADS purchased in the United States with tickers WCAGY or WRCDF, that it has filed an amended securities fraud complaint expanding the Class Period and adding Wulf Matthias, former Chairman of Wirecards Supervisory Board, and auditor Ernst & Young GmbH Wirtschaftsprefungsgesellschaft (E&Y) as additional Defendants.

Key Points: 
  • ), notifies investors in Wirecard ADS purchased in the United States with tickers WCAGY or WRCDF, that it has filed an amended securities fraud complaint expanding the Class Period and adding Wulf Matthias, former Chairman of Wirecards Supervisory Board, and auditor Ernst & Young GmbH Wirtschaftsprefungsgesellschaft (E&Y) as additional Defendants.
  • Hagens Berman urges investors in Wirecard securities traded in the United States to contact the firm:
    The pending securities fraud case concerns Defendants deliberate use of improper accounting designed to inflate sales and profits.
  • Throughout the Class Period, Defendants repeatedly affirmed the effectiveness of Wirecards internal controls and processes for financial reporting.
  • On May 6, 2019, the Court appointed an individual Wirecard investor Lead Plaintiff for the Class and Hagens Berman as Lead Counsel.

HAGENS BERMAN, APPOINTED LEAD COUNSEL in Wirecard Securities Fraud Class Action, Notifies Wirecard ADS Investors (WCAGY; WRCDF) of Intent to File Amended Complaint Expanding Class Period to Recover Losses

Retrieved on: 
Wednesday, August 12, 2020

Lead Counsels & Lead Plaintiffs Pending Wirecard (WCAGY; WRCDF) Securities Fraud Class Action:

Key Points: 
  • Lead Counsels & Lead Plaintiffs Pending Wirecard (WCAGY; WRCDF) Securities Fraud Class Action:
    The pending securities fraud case concerns Defendants deliberate use of improper accounting designed to inflate sales and profits.
  • On May 6, 2019, the Court appointed an individual Wirecard investor Lead Plaintiff for the Class and Hagens Berman as Lead Counsel.
  • On Feb.14, 2020, Lead Plaintiff filed a first amended class action complaint.
  • Since this time, revelations about the full extent of the alleged accounting fraud continued and became worse.