Restructuring Plans at EY? Aggrieved Wirecard investors must be vigilant. Investor representatives warn against expensive wrong turns.

EY is considering extensive restructuring. The audit business and the advisory business could be separated from each other. What concrete consequences this will have for the EY companies affected and for their creditors is difficult to assess at the moment.

This is important and dangerous news for all Wirecard shareholders who want to claim damages from EY.

Dr. Wolfgang Schirp of Schirp & Partner Rechtsanwälte, currently EY's strongest legal opponents with over 1,300 lawsuits pending, says: "Is it a coincidence that these years-old plans are now back on the table at EY? Does EY want to limit responsibility for the Wirecard disaster and let aggrieved investors go nowhere?"

Dr Schirp says: "Wirecard investors who want to claim damages from EY should resolutely take legal action. It is dangerous to rely on expensive erroneous paths. Capital investor sample proceedings take 10-15 years, and after their conclusion, further individual disputes are likely. Investors do not have that much time! It is also a mistake to rely on Netherlands-based foundation models, which are of no legal use whatsoever, but only feign a solution. Those who want to achieve something should march resolutely to court now, especially since for the first time there are litigation financing offers for individual lawsuits."

For further questions please contact: Dr. Wolfgang Schirp, Schirp & Partner Rechtsanwälte mbB, Leipziger Platz 9, D - 10117 Berlin, Tel. 0049-179-5320213, mail: schirp@schirp.com, URL: www.schirp.com