Why is action being taken against EY and not against Wirecard itself?

Based on the cur­rent situ­ation, a law­suit against EY seems most prom­ising. In prin­ciple, a law­suit against Wir­e­card AG is pos­sible and prom­ising, but we do not be­lieve that it is eco­nom­ic­ally prom­ising due to the risk of in­solv­ency. Moody’s has already de­val­ued the com­pany at a junk level. Nev­er­the­less, we are also con­sid­er­ing this op­tion for you.

Up­date: Wir­e­card AG filed for bank­ruptcy on June 25, 2020 – thus, it fails as a solvent coun­ter­party for the suc­cess­ful en­force­ment of pos­sible claims for dam­ages by investors!/span>