How do you assess the prospects of success of the lawsuits against EY?

We con­sider the pro­spects of suc­cess of our law­suits against EY to be good. The mem­bers of the In­vest­ig­at­ive Com­mit­tee made it clear that they were un­an­im­ous in their view that EY should have in­sisted on the sub­mis­sion of bal­ance con­firm­a­tions from the account-​holding banks when audit­ing Wirecard’s fin­an­cial state­ments. This view was shared not only by the aud­it­ors of the watch­dog (APAS) at the Fed­eral Min­istry of Eco­nom­ics and Tech­no­logy, but also by the Ger­man Fed­eral Gov­ern­ment (in an in­quiry by a mem­ber of the In­vest­ig­at­ive Com­mit­tee) and the In­sti­tute of Pub­lic Aud­it­ors in Ger­many (IDW).

In ad­di­tion, fur­ther fail­ures by EY sup­port our com­plaint – we have already com­piled ex­tens­ive ma­ter­ial on this.