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Wirecard insolvency administrator demands €1.5 billion from EY

The insolvency administrator for the collapsed payment service provider Wirecard is demanding around €1.5 billion ($1.7 billion) in damages from the international auditing firm Ernst and Young, which goes by the initials EY. The lawsuit was filed at the Stuttgart regional court on December 20th, a spokesman said on Friday. It was filed there because EY is based in Stuttgart. Neither EY nor a spokesman for the insolvency administrator wanted to comment on the case on Friday. The insolvency admini ....

Markus Braun , Wirecard Group , Wirecard Technologies Gmbh , Payment Service Provider , Ernst And Young , Annual Financial Statements ,