NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Wirecard AG (Other OTC: WCAGY, WRCDF) on behalf of Wirecard stockholders. Our investigation concerns whether Wirecard has violated the federal securities laws and/or engaged in other unlawful business practices.
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On June 18, 2020, MarketWatch reported that Wirecard’s auditor, Ernst & Young, said it did not have sufficient evidence for €1.9 billion euros in cash. Wirecard said “There are indications that spurious balance confirmations had been provided from the side of the trustee.”
Following this news, Wirecard stock dropped over 63% on June 18, 2020, to close at $20.20 per share.
If you purchased or otherwise acquired Wirecard shares and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato or Marion Passmore by email at email@example.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.