GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages
NEW YORK, June 29, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Legislation Agency, a worldwide investor rights legislation 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 info to the investing public.
SO WHAT: For those who bought Allianz securities chances are you’ll be entitled to compensation with out fee of any out of pocket charges or prices by means of a contingency charge association. The Rosen Legislation 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 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 Buyers US LLC [AGI U.S.] and different Allianz Group firms 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 Buyers 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 based mostly on info out there to Allianz as of immediately, the Board of Administration of Allianz SE has reassessed the matter and has come to the conclusion that there’s a related threat that the issues referring to the Structured Alpha Funds might materially impression the long run 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 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 monitor file of success in management roles. Usually, corporations issuing notices shouldn’t have comparable expertise, sources or any significant peer recognition. Be sensible in deciding on counsel. The Rosen Legislation Agency represents traders all through the globe, concentrating its follow in securities class actions and shareholder by-product litigation. Rosen Legislation Agency has achieved the biggest ever securities class motion settlement in opposition to a Chinese language Firm. Rosen Legislation 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 prime 4 annually since 2013 and has recovered lots of of hundreds of thousands of {dollars} for traders. In 2019 alone the agency secured over $438 million for traders. In 2020, founding companion 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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Lawyer Promoting. Prior outcomes don’t assure an analogous 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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com
