INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Allianz SE and Encourages Investors with Losses to Contact the Firm

Los Angeles, California--(Newsfile Corp. - May 23, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Allianz SE (OTC Pink: ALIZY) ("Allianz" or "the Company") for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Allianz disclosed on August 1, 2021, that: "subsequent to the litigation pending in U.S. courts in relation to the Structured Alpha Funds against Allianz Global Investors U.S. LLC and other Allianz Group companies and the investigation launched by the U.S. Securities and Exchange Commission ('SEC') in 2020, the U.S. Department of Justice ('DOJ') has begun an investigation concerning the Structured Alpha Funds, and Allianz Global Investors U.S. LLC has received a voluntary request for documents and information from the DOJ." The Company added: "in light of the DOJ investigation and based on information available to Allianz as of today, the Board of Management of Allianz SE has reassessed the matter and has come to the conclusion that there is a relevant risk that the matters relating to the Structured Alpha Funds could materially impact future financial results of Allianz Group." Based on this news, the Company's American depositary receipt ("ADR") price fell by 8% the next day. The Company's U.S. investing divisions then pleaded guilty to securities fraud on May 17, 2022, admitting a lack of internal controls and oversight of private-investment funds while making false and misleading statements to investors. The Company agreed to $6 billion in penalties and restitution.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com

www.schallfirm.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124974