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Sustainability. Investor relations. The latest news, documents and videos. Wirecard already announced the ousting of Markus Braun, the man who has served as CEO for almost 20 years. The investor is claiming damages for a 32% loss in value of its Wirecard shares.U.K.-based activist investor TCI Fund Management Ltd also filed a criminal complaint against the company following the publication of the KPMG report.The Frankfurt stock exchange, which is owned by Deutsche Börse AG, did not respond to a Market Intelligence request for comment. "There was a degree of: Wirecard was a new kid on the block, the German rising star in fintech, and 'we don't want people to talk badly about it,'" Fabio De Masi, a Die Linke party member of the German parliament, told S&P Global Market Intelligence. We generated a verification code for youDWS has reduced its position in the company by around 60% as of market close June 17 and no longer holds any material position in Wirecard in its actively managed funds, the spokesperson said.The law firm where he works, TILP Litigation Rechtsanwaltsgesellschaft, which represented plaintiffs in Germany's "Dieselgate" emissions affair against Volkswagen AG and other carmakers, expects to act on behalf of "hundreds and probably in this case thousands" of retail clients and between 100 and 500 institutional investors, judging by past cases, he said.As Wirecard AG files for insolvency, institutional investors have been selling off their holdings in the beleaguered German digital payments firm and some are taking or contemplating legal action as questions about the company's accounting, compliance and governance mount.Street Talk - Ep.

Wirecard AG rose the most since June after it revealed that more than 130 investors are eyeing the company’s assets. "Financial supervision largely failed," according to De Masi.

The revelations raise questions about the role of the company's auditors, German supervisors and the government, particularly since concerns about the group's finances had been flagged for some time, experts said.

Its share price has fallen 98% since the beginning of 2019.However, it fined Wirecard in September 2019 for the late disclosure of earnings and in May said it would investigate Wirecard statements made before the release of the KPMG report.The investment firm held a 2.14% stake in Wirecard as of April 28, according to S&P Global Market Intelligence data, but Union Investment Portfolio Manager Andreas Mark said it had cut its shareholding in recent weeks to below 0.1% before June 18.BaFin did not respond to a Market Intelligence request for comment. Analysts and Investors Conference with Annual Report 2020 Add to calendar. Blog. What will the future of payment be like? Deka had a 1.71% stake in Wirecard as of May 29, according to S&P Global Market Intelligence data.