An investigation on behalf of investors in Allianz SE (OTC:ALIZY) shares over potential wrongdoing at Allianz SE was.
San Diego, CA -- (SBWIRE) -- 09/12/2022 -- An investigation was announced over potential breaches of fiduciary duties by certain directors at 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 concerns whether certain Allianz SE 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.
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 agreed 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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