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Wirecard Investors Can’t Hold Bafin Responsible, Court Rules (1)

Jan. 19, 2022, 2:43 PM

Investors who lost money from investing in Wirecard AG shares can’t make Germany’s financial regulator Bafin compensate them, a Frankfurt court ruled.

The tribunal on Wednesday threw out four suits by shareholders who claimed they lost between 3,000 euros ($3,404) and 60,000 euros after the former payment company went bust in Germany’s biggest accounting scandal. Bafin isn’t liable to individuals even if the regulator made blunders, so they cannot sue, the court said in a statement.

This latest rebuff is the second Wirecard shareholder case against Bafin to be rejected by the Frankfurt tribunal after an initial decision went against ...