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EY faces mass claim in Germany over Wirecard audit

( March 15, 2022, 16:50 GMT | Official Statement) -- MLex Summary: Ernst & Young faces a mass lawsuit over its auditing of collapsed German payment processor Wirecard after a German court gave the green light to the claim. Investors are suing the auditor plus Wirecard's former chief executive, Markus Braun, who was yesterday charged with fraud. Wirecard went bankrupt in June 2020 after it emerged that 1.9 billion euros it said it had on the balance sheet didn't exist.Statement attached below....

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