Transform the provided headline or synopsis using distinct words. Maintain any names present in the text. Preserve the original text's brevity. Narrate only rephrased words, without sharing personal opinions. Paraphrase the input text: Process - Negotiating Wirecard compensation in November
Wirecard's demise in mid-2020 led to lots of legal cases, most of them with ex-investors and shareholders suing the imprisoned Braun and the auditing firm, EY. These suits claim harm done from the phony balance sheets that were supposedly tested by the auditors. This particular case is designed to handle a few of these claims instead of dealing with hundreds separately. Different from the criminal trial against Braun, started in Dec 2022, this one focuses on the objectives in the plaintiff's complaint, especially those claiming damage from EY.
During the central hearing, it'll be decided if the mentioned objectives in the complainant's suit are allowed, particularly those related to EY.
Read also:
- The Bavarian Supreme Court is overseeing a process within the German legal system, aimed at resolving some of the claims against Markus Braun and EY, following Wirecard's financial scandal.
- In this case, services provided by EY, such as auditing, are under scrutiny, as ex-investors and shareholders claim they were misled by the firm's approvals of false balance sheets.
- This court hearing in Munich, Bavaria, will determine if these specific claims against EY can move forward in the complaint, as part of Wirecard's larger legal turmoil.
- Germane to this judicial procedure, financial damages claimed by the plaintiffs against EY will be the primary focus.