SAP SE

Case Form

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Investigation Details

On September 25, 2024, Bloomberg News reported that the U.S. Department of Justice was investigating SAP and other companies for potentially conspiring to overcharge U.S. government agencies over the course of a decade, by “fix[ing] prices on sales to the U.S. military and other parts of the government”.

Following this news, SAP’s American depositary receipt (“ADR”) price fell over 3% on September 25, 2024.