Investor advocates are criticizing the reappointment of EY as auditor for Deutsche Bank and Volkswagen. Praise, however, for Allianz SE, which has chosen PwC for 2026. Deutsche Bank AG plans to reappoint Ernst & Young (EY) as its auditor at the Annual General Meeting on May 28, 2026. Volkswagen AG is pursuing the same plan at its […]
After more than ten years of litigation, the Hamburg Higher Regional Court has now issued a decision in the model investor proceedings (“KapMuG”) concerning the Wölbern Frankreich 04 investment. The court identified a total of five prospectus violations. Attorney Dr. Susanne Schmidt-Morsbach, who most recently represented the lead plaintiff, was able to successfully conclude all proceedings — with the […]
Preparations for PROJECT Metropolen 16 are underway and are expected to be completed by the end of April 2026.
An investor, represented by attorney Dr. Schmidt-Morsbach, who had purchased loan receivables from Bergfürst Service GmbH (now THV 1 Berlin GmbH) via the Bergfürst crowdfunding platform, rescinded the contract years later. She argued that the cancellation policy had been flawed. Since the agreement constituted a financial services contract, she contended that cancellation remained possible. The Berlin Local […]
The Wirecard KapMuG proceedings are dragging on, and aggrieved investors remain in limbo. However, lawyers are working on creative solutions to hold EY fully accountable. You can register here to read the full article from Fin+.
On December 19, 2025, another court decision was handed down in the Wirecard model case.