Company name Wirecard, Inc.
Stock symbol WCAGY, WRCDF
Status Under Investigation

NEW YORK, June 19, 2020 –  Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Wirecard AG (OTHER OTC: WCAGY, WRCDF) on behalf of Wirecard stockholders. Our investigation concerns whether Wirecard has violated the federal securities laws and/or engaged in other unlawful business practices.

On June 18, 2020, MarketWatch reported that Wirecard’s auditor, Ernst & Young, said it did not have sufficient evidence for €1.9 billion euros in cash. Wirecard said “There are indications that spurious balance confirmations had been provided from the side of the trustee.”

Following this news, Wirecard stock dropped over 63% on June 18, 2020, to close at $20.20 per share.

If you purchased or otherwise acquired Wirecard shares and suffered a loss, 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 Melissa Fortunato by email at  investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.

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The submission of this form does not create an attorney-client relationship, nor any obligation on the part of Bragar Eagel & Squire, P.C., or you to file a legal action. Any information you submit will be maintained as confidential. If Bragar Eagel & Squire, P.C., in its sole discretion, believes that you might be an appropriate class representative, Bragar Eagel & Squire, P.C., will contact you to discuss the matter and to determine whether to establish an attorney client relationship.

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