The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who purchased Allianz SE (OTCMKTS: ALIZY) securities between March 9, 2018 and May 17, 2022.
According to the Allianz lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Allianz did not have effective internal controls; (2) Allianz’s subsidiary was involved in substantial fraudulent activity; (3) as a result, Allianz was at an increased risk of regulatory scrutiny; (4) as a result, Allianz was at an increased risk of substantial losses and financial costs; and (5) as a result, defendants’ public statements were materially false and misleading at all relevant times.
If you suffered a loss in Allianz you have until April 3, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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