Deadline on Sept. 8th coming up for Investors in shares of Wirecard AG (OTC: WCAGY, WRCDF)

A deadline is coming up on September 8, 2020 in the lawsuit filed for certain investors of Wirecard AG (OTC: WCAGY, WRCDF) over alleged securities laws violations by Wirecard AG (OTC: WCAGY, WRCDF).

Investors who purchased shares of Wirecard AG (OTC: WCAGY, WRCDF) have certain options and there are strict and short deadlines running. Deadline: September 8, 2020. Wirecard AG (OTC: WCAGY, WRCDF) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Eastern District of Pennsylvania the plaintiff alleges on behalf of purchasers of Wirecard AG (OTC: WCAGY, WRCDF) common shares between August 17, 2015 and June 24, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 17, 2015 and June 24, 2020, the defendants, including the Company's auditor, throughout the Class Period made false and/or misleading statements and/or failed to disclose that Wirecard overstated its cash balances during the Class Period, falsely claiming €1.9 billion, that Wirecard overstated its financial results, including revenue and EBITDA, that Wirecard did not have adequate risk management or countermeasures, that Wirecard's auditor failed to audit the Company in accordance with applicable auditing principles, and that as a result, defendants' statements about Wirecard's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of Wirecard AG (OTC: WCAGY, WRCDF) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.