NEW YORK, June 29, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Regulation Agency, a world investor rights legislation agency, continues to analyze potential securities claims on behalf of shareholders of Allianz SE (OTC: ALIZY) ensuing from allegations that Allianz could have issued materially deceptive enterprise data to the investing public.
SO WHAT: For those who bought Allianz securities chances are you’ll be entitled to compensation with out cost of any out of pocket charges or prices by a contingency charge association. The Rosen Regulation agency is getting ready a category motion in search of restoration of investor losses.
WHAT TO DO NEXT: To affix the possible class motion, go to https://rosenlegal.com/submit-form/?case_id=2121 or name Phillip Kim, Esq. toll-free at 866-767-3653 or electronic mail [email protected] or [email protected] for data on the category motion.
WHAT IS THIS ABOUT: On August 1, 2021, Allianz disclosed that “[s]subsequent to the litigation pending in US courts in relation to the Structured Alpha Funds in opposition to Allianz World Traders US LLC [AGI U.S.] and different Allianz Group corporations and the investigation launched by the US Securities and Change Fee (‘SEC’) in 2020, the US Division of Justice (‘DOJ’) has begun an investigation regarding the Structured Alpha Funds, and Allianz World Traders US LLC has acquired a voluntary request for paperwork and data from the DOJ.” Allianz additional said that “[i]n gentle of the DOJ investigation and primarily based on data accessible to Allianz as of right this moment, the Board of Administration of Allianz SE has reassessed the matter and has come to the conclusion that there’s a related threat that the issues regarding the Structured Alpha Funds may materially impression the long run monetary outcomes of the Allianz Group.”
On this information, the Firm’s American depositary receipt (“ADR”) worth fell $2.00, or 8%, to shut at $22.85 per ADR on August 2, 2021, damaging buyers.
Then, on Could 17, 2022, Allianz’s US investing division pleaded responsible to securities fraud, admitting that it lacked inner controls and oversight for a sequence of private-investment funds and made false and deceptive statements to buyers. The Firm agreed to pay $6 billion in penalties and restitution.
WHY ROSEN LAW: We encourage buyers to pick out certified counsel with a observe report of success in management roles. Usually, corporations issuing notices do not need comparable expertise, sources or any significant peer recognition. Be smart in choosing counsel. The Rosen Regulation Agency represents buyers all through the globe, concentrating its observe in securities class actions and shareholder by-product litigation. Rosen Regulation Agency has achieved the biggest ever securities class motion settlement in opposition to a Chinese language Firm. Rosen Regulation Agency was Ranked No. 1 by ISS Securities Class Motion Providers for variety of securities class motion settlements in 2017. The agency has been ranked within the high 4 annually since 2013 and has recovered lots of of thousands and thousands of {dollars} for buyers. In 2019 alone the agency secured over $438 million for buyers. In 2020, founding associate Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Lots of the agency’s attorneys have been acknowledged by Lawdragon and Tremendous Legal professionals.
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Lawyer Promoting. Prior outcomes don’t assure an identical final result.
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Contact Data:
Laurence Rosen, Esq.
Philip Kim, Esq.
The Rosen Regulation Agency, PA
275 Madison Avenue, fortieth Flooring
New York, New York 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com
