Wirecard Collapse Drags Big Four's EY Into the Crosshairs as German Investor Suit Expands
The German firm TILP Rechtsanwälte has included the company's auditors in a consumer action against Wirecard after the payments firm filed for bankruptcy late last week.
June 30, 2020 at 06:35 PM
3 minute read
Accounting giant EY has come under pressure in the wake of the Wirecard scandal and insolvency filing, as a growing number of lawsuits allege that EY's practices had a role in the company's fraudulent practices and subsequent collapse.
TILP Rechtsanwälte, the German law firm that handled a large number of consumer lawsuits against Volkswagen in the Dieselgate scandal, has included EY in a consumer action, expanding a suit it filed in May, according to a statement released by the firm. Berlin firm Schirp & Partner also said it has filed a suit against EY, as has the German investor's protection association SdK.
EY Germany could not immediately be reached for comment.
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