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 mail@shareholdersfoundation.com 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.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Allianz SE (OTC:ALIZY) Stockholder Alert: Investigation over Potential Wrongdoing
An investigation on behalf of investors in Allianz SE (OTC:ALIZY) shares over potential wrongdoing at Allianz SE was.