NEW YORK, June 29, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Regulation Agency, a worldwide investor rights legislation agency, continues to analyze potential securities claims on behalf of shareholders of Allianz SE (OTC: ALIZY) ensuing from allegations that Allianz might have issued materially deceptive enterprise data to the investing public.
SO WHAT: In the event you bought Allianz securities you might be entitled to compensation with out fee of any out of pocket charges or prices by a contingency payment association. The Rosen Regulation agency is getting ready a category motion searching for 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 in opposition to Allianz International Buyers US LLC [AGI U.S.] and different Allianz Group corporations and the investigation launched by the US Securities and Alternate Fee (‘SEC’) in 2020, the US Division of Justice (‘DOJ’) has begun an investigation in regards to the Structured Alpha Funds, and Allianz International Buyers US LLC has acquired a voluntary request for paperwork and data from the DOJ.” Allianz additional said that “[i]n mild of the DOJ investigation and primarily based on data out there 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 danger that the issues regarding the Structured Alpha Funds might 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 buyers.
Then, on Could 17, 2022, Allianz’s US investing divisions pleaded responsible to securities fraud, admitting that it lacked inside 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 file of success in management roles. Usually, corporations issuing notices don’t have comparable expertise, sources or any significant peer recognition. Be sensible in choosing counsel. The Rosen Regulation Agency represents buyers all through the globe, concentrating its follow in securities class actions and shareholder spinoff 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 every year since 2013 and has recovered a whole bunch of tens of millions of {dollars} for buyers. In 2019 alone the agency secured over $438 million for buyers. 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 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.
Phillip Kim, Esq.
The Rosen Regulation Agency, PA
275 Madison Avenue, fortieth Flooring
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
