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 might have issued materially deceptive enterprise info to the investing public.
SO WHAT: 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 by means of a contingency payment association. The Rosen Legislation agency is getting ready a category motion searching for restoration of investor losses.
WHAT TO DO NEXT: To hitch 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 pkim@rosenlegal.com or instances@rosenlegal.com 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 in opposition to Allianz International Traders 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 regarding the Structured Alpha Funds, and Allianz International Traders US LLC has acquired a voluntary request for paperwork and data from the DOJ.” Allianz additional acknowledged that “[i]n mild of the DOJ investigation and primarily based on info obtainable to Allianz as of as we speak, 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 impression the longer term monetary outcomes of the Allianz Group.”
On this information, the Firm’s American depositary receipt (“ADR”) value fell $2.00, or 8%, to shut at $22.85 per ADR on August 2, 2021, damaging traders.
Then, on Could 17, 2022, Allianz’s US investing division pleaded responsible to securities fraud, admitting that it lacked inside 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 report of success in management roles. Usually, corporations issuing notices should not have comparable expertise, assets or any significant peer recognition. Be clever 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 in opposition to 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 prime 4 every year 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. 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 the same consequence.
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Contact Info:
Laurence Rosen, Esq.
Philip Kim, Esq.
The Rosen Legislation 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
lrosen@rosenlegal.com
pkim@rosenlegal.com
instances@rosenlegal.com
www.rosenlegal.com
