December 05, 2023
A Pennsylvania federal judge dropped the German unit of Ernst & Young for a second time from a proposed class action accusing it and failed online payments company Wirecard AG of misleading investors about Wirecard's financial viability, ruling that the investors have not established the court has jurisdiction over the German entity.
February 09, 2023
A Pennsylvania federal judge vacated a court order releasing the German unit of Ernst & Young from a proposed class action from investors of failed German online payments company Wirecard AG, after the investors argued the court ignored their request for jurisdictional discovery.
December 08, 2022
A Pennsylvania federal judge released the German unit of EY from a proposed class action that investors of now-failed German online payments company Wirecard AG launched over allegations that a €1.9 billion ($2 billion) accounting scandal caused Wirecard's shares to tank, saying the court lacks personal jurisdiction over EY Germany.
September 21, 2021
An Ernst & Young unit that provided auditing services for the now-failed German online payments company Wirecard AG asked a Pennsylvania federal judge to release it from a class action that Wirecard investors lodged over allegations that a €1.9 billion ($2.2 billion) accounting scandal caused Wirecard's shares to tank.
September 10, 2020
Six legal teams asked a Pennsylvania federal judge for appointment to represent a proposed class of investors in a suit alleging insolvent German payment processor Wirecard AG hurt buyers of its American depositary receipts after it announced its books were overstated by more than $2 billion.
July 07, 2020
A Wirecard AG investor hit the German online payments company with a putative stock drop class action in Pennsylvania federal court Tuesday, alleging that an accounting scandal that centers on a missing €1.9 billion ($2.1 billion) and the subsequent arrest of its former CEO caused shares to tank.