Cases / Investigations

Wirecard AG


Wolf Popper LLP Announces Investigation on Behalf of Investors in Wirecard AG

NEW YORK, June 24, 2020

Wolf Popper LLP is investigating potential securities fraud claims on behalf of purchasers of Wirecard AG (OTC: WCAGY and WRCDF) American Depositary Receipts and F-shares between August 18, 2015 and June 17, 2020.

Before trading in the U.S market opened on June 18, 2020, Wirecard announced it was postponing issuing its 2019 annual financial statements because its auditor was unable to confirm the existence of €1.9 billion in escrow holdings in two different Asian banks. In addition, Wirecard announced its CEO, Markus Braun resigned. On this news Wirecard’s ADR price fell $38.30 per ADR to $20.20, or down 65.5% on very heavy volume. On June 23, 2020, Braun was arrested by German police.

For more information, Wirecard investors with trading losses of over $50,000 should contact Joshua Ruthizer at (212) 451-9668 or at jruthizer@wolfpopper.com.

Wolf Popper has successfully recovered billions of dollars for defrauded investors.  Wolf Popper’s reputation and expertise have been repeatedly recognized by the courts, which have appointed the firm to major positions in securities litigation.  For more information about Wolf Popper, please visit the Firm’s website at www.wolfpopper.com.

Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.

Wolf Popper LLP
Joshua W. Ruthizer
845 Third Avenue
New York, NY 10022
Tel.: (212) 451-9668
Email: jruthizer@wolfpopper.com


Related Practice Area