An investigation on behalf of investors in Allianz SE (OTC:ALIZY) shares over potential wrongdoing at Allianz SE was announced.
San Diego, CA -- (SBWIRE) -- 09/23/2021 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Allianz.
Investors who purchased shares of Allianz SE (OTC: ALIZY) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Allianz directors breached their fiduciary duties and caused damage to the company and its shareholders.
Germany based Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide. Allianz SE reported that its annual Total Revenue declined from over $112.99 billion in 2019 to $112.23 billion in 2020 and that its Net Income fell from over $7.91 billion in 2019 to over $6.8 billion in 2020.
On August 1, 2021, Allianz disclosed that it received a request from the U.S. Department of Justice for documents and information related to the Company's Structured Alpha Funds business, which is at the center of investor lawsuits. The Company said that there is "a relevant risk that the matters relating to the Structured Alpha Funds could materially impact future financial results of Allianz Group."
Shares of Allianz SE (OTC: ALIZY) declined from $25.19 per share on July 29, 2021, to $22.41 per share on August 4, 2021.
Those who purchased shares of Allianz SE (OTC: ALIZY) have certain options and should contact the Shareholders Foundation.
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