Penningtons Manches LLP has begun an investigation on behalf of Wirecard AG investors into the company and possible violations of securities laws by a number of its officers.
On 30 January 2019 the Financial Times reported that a Wirecard executive was suspected of using forged contracts to complete suspicious transactions. Then on 1 February 2019, it was alleged that a law firm hired by Wirecard had discovered serious offences of forgery and/or of falsification of accounts. On this news, shares of Wirecard fell nearly 20%, thereby injuring investors.
For further information on these claims or associated rights of interest, contact Penningtons Manches partner David Niven on 020 7457 3026 or by emailing firstname.lastname@example.org.