What is the litigation strategy?
On the basis of the cost-benefit analysis, we are combining several plaintiffs into one lawsuit each and filing a class action for them by way of “subjective aggregation of claims”. Subjective aggregation means that several plaintiffs pursuing the same cause of action can go to court together. In other words, they are groups of plaintiffs, so to speak. The conditions for this are met in the case of EY. Because the court cost regulations are designed to be degressive, cost advantages can be achieved with this approach. We therefore form such groups on an ongoing basis.
For those with legal expenses insurance, we recommend an individual lawsuit.
Our legal basis: BGH, Urt. v. 12.03.2020 – VII ZR 236/19. In this ruling, the Federal Court of Justice clarified that an auditor is liable to investors if his audit opinion is incorrect and if he has acted “negligently”, “recklessly” and “conscienceless in view of the significance for thirs parties” in doing so. We believe that these conditions are met in the case of Wirecard and EY and that we can prove this.