NEW YORK, June 29, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Regulation Agency, a worldwide investor rights regulation 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 info to the investing public.
SO WHATS: If you happen to bought Allianz securities it’s possible you’ll be entitled to compensation with out fee of any out of pocket charges or prices via 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 e mail [email protected] or [email protected] for info 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 corporations and the investigation launched by the US Securities and Trade 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 data from the DOJ.” Allianz additional acknowledged that “[i]n gentle of the DOJ investigation and based mostly on info 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 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 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 shouldn’t have comparable expertise, assets or any significant peer recognition. Be clever in deciding on counsel. The Rosen Regulation Agency represents traders all through the globe, concentrating its apply in securities class actions and shareholder spinoff litigation. Rosen Regulation Agency has achieved the most important ever securities class motion settlement towards a Chinese language Firm. Rosen Regulation Agency was Ranked No. 1 by ISS Securities Class Motion Companies for variety of securities class motion settlements in 2017. The agency has been ranked within the high 4 annually since 2013 and has recovered a whole bunch of hundreds of thousands 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 Legal professionals.
Comply with us for updates on LinkedIn: https://www.linkedin.com/firm/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Fb: https://www.fb.com/rosenlawfirm/.
Lawyer Promoting. Prior outcomes don’t assure an identical final result.
——————————-
Contact Data:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Regulation 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
