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).