Law360, London (November 22, 2019, 4:07 PM GMT) -- Wirecard has fought back against a €33 million ($36.5 million) fraud suit brought by two investors who say they were forced to sell their stock in a financial services company for a pittance compared to the price the German payments provider later paid for the shares.
The investors, Prashant Manek and Sanjay Chandi, “fail to identify any individual employed by Wirecard ... who allegedly acted dishonestly," Wirecard said in a defense filing at the High Court on Wednesday.
Wirecard said the suit asks the court to infer that information provided to the payments provider and its lawyers during the due diligence process...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!