Allianz SE (ALIZF)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Allianz SE (“Allianz” or the “Company”) (OTCMKTS: ALIZF). Investors who purchased Allianz securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Allianz and certain of its officers and/or directors have violated federal securities laws.
On August 1, 2021, Allianz disclosed that “the U.S. Department of Justice (‘DOJ’) has begun an investigation concerning the Structured Alpha Funds,” and that “there is a relevant risk that the matters relating to the Structured Alpha Funds could materially impact future financial results of Allianz Group.” On this news, Allianz’s stock price fell $2.00 per share, or 8%, to close at $22.85 per share on August 2, 2021. Then, on May 17, 2022, Allianz pleaded guilty to securities fraud, admitting that it lacked internal controls and oversight for a series of private-investment funds and made false and misleading statements to investors. The Company agreed to pay $6 billion in penalties and restitution.
If you are aware of any facts relating to this investigation or purchased Allianz shares you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.