On what legal basis can damages be claimed from EY?

Our claim against EY is es­sen­tially based on the fact of miss­ing bal­ance con­firm­a­tions and the is­su­ance of a culp­ably in­cor­rect audit opin­ion for Wir­e­card AG’s con­sol­id­ated fin­an­cial state­ments. EY is there­fore li­able to the in­vestors for in­ten­tional im­moral dam­age un­der § 826 of the Ger­man Civil Code (BGB) and un­der the prin­ciples of a con­tract with pro­tect­ive ef­fects in fa­vor of third parties un­der § 311 (3) of the Ger­man Civil Code (BGB).

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