What is the liability amount of EY?

EY has lim­ited its li­ab­il­ity to­wards its con­tract­ors for its re­spect­ive activ­it­ies there. How­ever, this does not af­fect li­ab­il­ity in the ex­ternal re­la­tion­ship, and is there­fore ir­rel­ev­ant to an ac­tion for dam­ages brought by the in­vestor due to the is­sue of a culp­ably false audit cer­ti­fic­ate for the con­sol­id­ated fin­an­cial state­ments of Wir­e­card AG.

Since we as­sume that the dam­age was caused in­ten­tion­ally, it is not to be ex­pec­ted that EY’s in­sur­ance com­pany will have to pay for the dam­age. How­ever, since EY achieved a turnover of over 2 bil­lion euros in Ger­many alone last year and is also part of the in­ter­na­tional EY Global group of com­pan­ies, leg­ally ex­ist­ing claims for dam­ages will also be eco­nom­ic­ally enforceable.

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