NEW YORK, June 29, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Legislation Agency, a worldwide investor rights legislation agency, continues to analyze potential securities claims on behalf of shareholders of Allianz SE (OTC: ALIZY) ensuing from allegations that Allianz might have issued materially deceptive enterprise data to the investing public.

SO WHAT: In case you bought Allianz securities you might be entitled to compensation with out fee of any out of pocket charges or prices by way of a contingency charge association. The Rosen Legislation agency is getting ready a category motion looking for restoration of investor losses.

WHAT TO DO NEXT: To affix the potential class motion, go to or name Phillip Kim, Esq. toll-free at 866-767-3653 or e-mail [email protected] or [email protected] for data on the category motion.

WHAT IS THIS ABOUT: On August 1, 2021, Allianz disclosed that “[s]ubsequent to the litigation pending in US courts in relation to the Structured Alpha Funds towards Allianz World Buyers US LLC [AGI U.S.] and different Allianz Group firms and the investigation launched by the US Securities and Alternate Fee (‘SEC’) in 2020, the US Division of Justice (‘DOJ’) has begun an investigation in regards to the Structured Alpha Funds, and Allianz World Buyers US LLC has acquired a voluntary request for paperwork and data from the DOJ.” Allianz additional said that “[i]n gentle of the DOJ investigation and based mostly on data obtainable to Allianz as of at this time, the Board of Administration of Allianz SE has reassessed the matter and has come to the conclusion that there’s a related danger that the issues regarding the Structured Alpha Funds may materially influence the longer term monetary outcomes of the Allianz Group.”

On this information, the Firm’s American depositary receipt (“ADR”) value fell $2.00, or 8%, to shut at $22.85 per ADR on August 2, 2021, damaging buyers.

Then, on Could 17, 2022, Allianz’s US investing division pleaded responsible to securities fraud, admitting that it lacked inside controls and oversight for a sequence of private-investment funds and made false and deceptive statements to buyers. The Firm agreed to pay $6 billion in penalties and restitution.

WHY ROSEN LAW: We encourage buyers to pick certified counsel with a monitor file of success in management roles. Typically, companies issuing notices would not have comparable expertise, assets or any significant peer recognition. Be clever in choosing counsel. The Rosen Legislation Agency represents buyers all through the globe, concentrating its apply in securities class actions and shareholder spinoff litigation. Rosen Legislation Agency has achieved the biggest ever securities class motion settlement towards a Chinese language Firm. Rosen Legislation Agency was Ranked No. 1 by ISS Securities Class Motion Companies for variety of securities class motion settlements in 2017. The agency has been ranked within the prime 4 annually since 2013 and has recovered tons of of tens of millions of {dollars} for buyers. In 2019 alone the agency secured over $438 million for buyers. In 2020, founding accomplice Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Most of the agency’s attorneys have been acknowledged by Lawdragon and Tremendous Legal professionals.

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Contact Data:

Laurence Rosen, Esq.
Philip Kim, Esq.
The Rosen Legislation Agency, PA
275 Madison Avenue, fortieth Flooring
New York, New York 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]

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