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class action

European Investors-VEB summons EY for market manipulation in Wirecard scandal

European Investors-VEB summons auditing firm EY in Germany before a Stuttgart court for its role in the Wirecard scandal. EY has been Wirecard AG’s independent external auditor for years. European Investors-VEB believes that the firm’s audit procedures qualify as manifest violations of the auditor’s duty of care. In particular, European Investors-VEB focuses on EY’s conduct as from 28 April ...
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Steinhoff’s first half-year report raises questions,

Investors request more information on current state of affairs at Steinhoff Seven months after the widespread accounting irregularities came to light, Steinhoff issued its half-year report for the six months ended 31 March 2018. The half-year results, also containing the unaudited restated half-year condensed financial statement for the six months ended 31 March 2017, provide investors with some ...
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