NEW YORK, June 29, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Legislation Agency, a world investor rights regulation 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 info to the investing public.

SO WHAT: When you bought Allianz securities you could be entitled to compensation with out cost of any out of pocket charges or prices via a contingency charge association. The Rosen Legislation agency is making ready a category motion searching for restoration of investor losses.

WHAT TO DO NEXT: To hitch the possible class motion, go to or name Phillip Kim, Esq. toll-free at 866-767-3653 or electronic mail [email protected] or [email protected] for info 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 in opposition to Allianz International Traders 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 regarding the Structured Alpha Funds, and Allianz International Traders US LLC has obtained a voluntary request for paperwork and knowledge from the DOJ.” Allianz additional acknowledged that “[i]n gentle of the DOJ investigation and primarily based on info out there to Allianz as of immediately, 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 future monetary outcomes of 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 Might 17, 2022, Allianz’s US investing divisions pleaded responsible to securities fraud, admitting that it lacked inner 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 observe report of success in management roles. Typically, companies issuing notices would not have comparable expertise, sources or any significant peer recognition. Be sensible in deciding on counsel. The Rosen Legislation Agency represents buyers all through the globe, concentrating its follow in securities class actions and shareholder spinoff litigation. Rosen Legislation Agency has achieved the biggest ever securities class motion settlement in opposition to 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 high 4 annually since 2013 and has recovered tons of of hundreds of thousands of {dollars} for buyers. In 2019 alone the agency secured over $438 million for buyers. In 2020, founding associate 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.
Phillip Kim, Esq.
The Rosen Legislation Agency, PA
275 Madison Avenue, fortieth Ground
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]