They deny wrongdoing. The case, The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) Wirecard overstated its cash balances during the Class Period, falsely claiming €1.9 billion; (2) Wirecard overstated its financial results, including revenue and EBITDA; (3) Wirecard did not have adequate risk management or countermeasures; (4) Wirecard's auditor failed to audit the Company in accordance with applicable auditing principles; and (5) as a result, defendants' statements about Wirecard's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.Specifically, after a series of Company statements starting on June 18, 2020, it was revealed that Wirecard AG's auditor Ernst & Young stated that no sufficient audit evidence could be obtained regarding €1.9 billion in several trust accounts' cash balances included in the most recent consolidated financial statements. (Reporting by Huw Jones, editing by Louise Heavens)The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in AschheimWhat is DeFi and why is it the hottest ticket in cryptocurrencies?What to watch: Oil and stocks rise, Germany extends furlough scheme, Abbott tipped for UK roleScandal-ridden Wirecard lays off half its remaining staff in GermanyWhat you need to know about unicorn Ant Financial, potentially the largest IPO in historyLimited legal protection for COVID vaccine makers hampers EU dealsRaucous crowd in Singapore shows anger at China travel rulesWoman fined for hosting party during circuit breaker claims she had 'little choice' in decision to hold eventWomen Divorces Husband For Not Arguing With Her, Says She Is “Suffocated By His Love”ChromaDex to Present at the LD 500 Virtual Investor ConferenceMessi divorce: 'bombshell' fax signals end of era, legal fight at Barcelona‘We’re losing, dude, and we’re going to get really hurt’: Trump Jr believes father will be defeated by Biden, report saysWomen tend to feel worse about themselves after breakup sex, but men feel better Germany's finance minister says he wants to revamp the oversight system for the country's financial industry in the wake of the accounting scandal at payment systems provider Wirecard.
Then, on June 23, 2020, during market hours, CNN reported that the Company's former CEO, Markus Braun was arrested "after a $2.1 billion hole exploded in [Wirecard's] accounts." Die letzten WIRECARD AG (WDI.DE) Aktienkurse, Verläufe, Nachrichten und weitere wichtige Informationen für den Aktienhandel und Investitionen finden. A technology team from Wirecard , the German payments company that collapsed in June, is joining a new digital innovation unit being set up … The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (To view the source version of this press release, please visit Tip: Try a valid symbol or a specific company name for relevant resultsCERB Alternative: The CRA Offers $1,600 CRB for Non-EI ClaimantsCANADIANS: 3 New CRA Tax Breaks You Can Claim for 2020!Warren Buffett Has Nearly 50% of His Money in 1 Stock!CMHC and CDIC: Dire Warnings of a Looming Housing CrashCERB Is Ending: How to Continue to Collect Over $1,500/Month'Demand is there, supply isn't:' Used vehicles are getting more expensive in CanadaEconomist: Pay people $1K to take a coronavirus vaccine instead of forcing themRetailers should expect a 'choppy' back-to-school season amid COVID-19Market Crash 2020: A Once-in-a-Lifetime Opportunity to Convert $6,000 Into $60,000BlackBerry-branded 5G phone aimed at limited market: expertStock market news live updates: Stock futures tick higher after S&P, Nasdaq record closes4 Canadian Giants That Raised Dividends Amid the PandemicAphria to buy non-pot American brands ahead of U.S. election: analystCanada has effectively moved to block China's Huawei from 5G, but can't say soLightspeed (TSX:LSPD): A Perfect V-Shaped Recovery From the Pandemic'CRA has to devise stronger systems,' not blame Canadians: experts
Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. View daily, weekly or … BERLIN (Reuters) - A technology team from Wirecard