NEW YORK, June 29, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Legislation Agency, a worldwide investor rights regulation agency, continues to research 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 WHATS: When you bought Allianz securities chances are you’ll be entitled to compensation with out cost of any out of pocket charges or prices by means of a contingency price association. The Rosen Legislation agency is making ready a category motion in search of restoration of investor losses.
WHAT TO DO NEXT: To affix the potential class motion, go to https://rosenlegal.com/submit-form/?case_id=2121 or name Phillip Kim, Esq. toll-free at 866-767-3653 or e-mail [email protected] or [email protected] for data on the category motion.
WHAT IS THIS ABOUT: On August 1, 2021, Allianz disclosed that “[s]ubsequent to the litigation pending in US courts in relation to the Structured Alpha Funds towards Allianz International Traders US LLC [AGI U.S.] and different Allianz Group firms 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 International Traders US LLC has obtained a voluntary request for paperwork and knowledge 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 now, the Board of Administration of Allianz SE has reassessed the matter and has come to the conclusion that there’s a related danger that the issues regarding the Structured Alpha Funds may materially affect future monetary outcomes of 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 traders.
Then, on Might 17, 2022, Allianz’s US investing divisions pleaded responsible to securities fraud, admitting that it lacked inner controls and oversight for a collection of private-investment funds and made false and deceptive statements to traders. The Firm agreed to pay $6 billion in penalties and restitution.
WHY ROSEN LAW: We encourage traders to pick out certified counsel with a observe document of success in management roles. Usually, companies issuing notices do not need comparable expertise, sources or any significant peer recognition. Be sensible in choosing counsel. The Rosen Legislation Agency represents traders all through the globe, concentrating its apply in securities class actions and shareholder by-product litigation. Rosen Legislation Agency has achieved the most important ever securities class motion settlement towards a Chinese language Firm. Rosen Legislation 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 tens of millions of {dollars} for traders. In 2019 alone the agency secured over $438 million for traders. In 2020, founding accomplice Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Most of the agency’s attorneys have been acknowledged by Lawdragon and Tremendous Attorneys.
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Legal professional Promoting. Prior outcomes don’t assure an identical consequence.
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Contact Data:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Legislation Agency, PA
275 Madison Avenue, fortieth Ground
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com
