|Company name||Wirecard AG|
|Stock symbol||WRCDF, WCAGY|
NEW YORK, January 31, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against Wirecard AG (Other OTC: WRCDF). Our investigation concerns whether Wirecard has violated the federal securities laws and/or engaged in other unlawful business practices.
On January 30, 2019, The Financial Times reported that a senior executive at the company was suspected of using forged contracts in connection with several suspicious transactions. The article cited “[a]n internal presentation [that] described potentially fraudulent money flows at Wirecard,” relating to “transactions [that] were ordered by Edo Kurniawan, who is responsible for the payment group’s accounting in the Asia-Pacific region.”
On this news, Wirecard’s share price fell by more than 14%, closing at $161.90 on January 30, 2019.
If you purchased or otherwise acquired American Depository Shares (“ADSs”) of Wirecard, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.