The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Allianz SE (OTCMKTS: ALIZY) who purchased shares between March 9, 2018 and May 17, 2022. The action, which was filed in the United States District Court for the Central District of California, alleges that the Company violated federal securities laws.
In particular, the Allianz lawsuit alleges that (1) Allianz did not have effective internal controls; (2) Allianz’s subsidiary was involved in substantial fraudulent activity; (3) as a result, Allianz was at an increased risk of regulatory scrutiny; (4) as a result, Allianz was at an increased risk of substantial losses and financial costs; and (5) as a result, defendants’ public statements were materially false and misleading at all relevant times.
Shareholders have until April 3, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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