Sunday/ 13 Nov
The German Federal Court has rejected the claims of Wirecard shareholders for payouts from the insolvency estate, affecting around 50,000 shareholders, including Union Investment. This ruling overturns a previous decision from the Munich Higher Regional Court, confirming that creditors are prioritized over shareholders in asset distribution during insolvency cases. Current estimates show total claims against Wirecard at €15.4 billion, while only €650 million is available within the estate.

#Germany

#Vogtei

#GermanFederalCourt

#Wirecard

#UnionInvestment

FAZ, 
Berliner Zeitung

#Vogtei

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The German Federal Court has rejected the claims of Wirecard shareholders for payouts from the insolvency estate, affecting around 50,000 shareholders, including Union Investment. This ruling overturns a previous...

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