Allgemein

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.

On 14 Nov 2025, the second oral hear­ing in the model case took place. 

On 13 Novem­ber 2025, the Fed­eral Court of Justice is­sued a rul­ing for all in­vestors who as­ser­ted claims for dam­ages against Wir­e­card AG in in­solv­ency pro­ceed­ings. In pro­ceed­ings IX ZR 127/24, the IX Civil Sen­ate, which is re­spons­ible for in­solv­ency law, cla­ri­fied that share­hold­ers’ claims for dam­ages un­der cap­ital mar­ket law are not to be treated […]

We are de­lighted to an­nounce that our law firm has been voted one of the top com­mer­cial law firms for 2025 in the cap­ital mar­kets sec­tor in an in­de­pend­ent sur­vey con­duc­ted in col­lab­or­a­tion with FOCUS’s re­search part­ner (Fact­Field). We see this as a man­date and are con­tinu­ously com­mit­ted to de­liv­er­ing top per­form­ance for our cli­ents. We will […]

In­jured parties can take part in the test case un­til Decem­ber 31, 2023