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…

The Wirecard scandal, one of Germany’s largest financial fraud cases, sees thousands of investors seeking compensation as a landmark legal process commences. With 8,500 claimants pursuing 750 million euros in damages, interest in the trial is high, prompting a move…