NEW ORLEANS, La., Feb. 09, 2019 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until April 9, 2019 to file lead plaintiff applications in a securities class action lawsuit against Wirecard AG (OTC: WCAGY, WRCDF), if they purchased the Company’s securities between April 7, 2016 and February 1, 2019 (the “Class Period”).  This action is pending in the United States District Court for the Central District of California.

What You May Do

If you purchased securities of Wirecard and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/otc-wcagy/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by April 9, 2019.

About the Lawsuit

Wirecard and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On February 1, 2019, news media sources reported that an external law firm retained by the Company to investigate activities in its Singapore office had discovered evidence of “serious offences of forgery and/or of falsification of accounts.”  Further, “there are reasons to suspect that they may have been carried out to conceal other misdeeds, such as cheating, criminal breach of trust, corruption and/or money laundering.”

On this news, the price of Arlo’s shares plummeted.

The case is Dalpoggetto v. Wirecard AG et al, 19-cv-986.

About Kahn Swick & Foti, LLC

KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163