The legal saga following the collapse of payment provider Wirecard has entered a new phase as thousands of former shareholders file for damages against Ernst & Young (EY). The Bavarian Supreme Court has commenced a group lawsuit involving 8,500 claimants from an earlier lawsuit, aiming for compensation over 750 million euros. The proceedings will evaluate if Wirecard executives, including former CEO Markus Braun, presented false financial reports, amidst claims against EY for alleged negligence in auditing. Legal experts anticipate a lengthy process, with detailed decisions expected over the coming months.