An investigation for investors in Allianz SE (OTC:ALIZY) shares over potential securities laws violations by Allianz SE was announced.
San Diego, CA -- (SBWIRE) -- 06/02/2022 -- An investigation was announced for investors of Allianz SE (OTC: ALIZY) shares over potential securities laws violations by Allianz SE.
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 focuses on possible claims on behalf of purchasers of the securities of Allianz SE (OTC: ALIZY) concerning whether a series of statements by Allianz SE regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Germany based Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide.
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."
Then, on May 17, 2022, Allianz S pleaded guilty to securities fraud, admitting that it lacked internal controls and oversight for a series of private-investment funds and made false and misleading statements to investors. Allianz Sagreed to pay $6 billion in penalties and restitution.
Those who purchased shares of Allianz SE (OTC: ALIZY) have certain options and should contact the Shareholders Foundation.
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