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TUESDAY DEADLINE NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Wirecard AG and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

Los Angeles, CA - (NewMediaWire) - September 4, 2020 - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Wirecard AG (“Wirecard” or “the Company”) (OTC: WCAGY, WRCDF) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between August 17, 2015 and June 24, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before September 8, 2020.   

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Wirecard overstated its cash balances, claiming without basis to hold €1.9 billion. The Company also inflated its financial results including revenues and EBITDA. The Company failed to maintain appropriate risk management. The Company’s auditor failed to detect these false statements and failed to perform its auditors in accordance with accepted auditing principles. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Wirecard, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com

Office: 310-301-3335

info@schallfirm.com

 

SOURCE:

 The Schall Law Firm

 

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