but let me try this again. I will also do it in English to avoid language communication issues.
Braun was responsible for leading Wirecard as a CEO. It can be assumed that he was part of the fraud. Even if not he acted wrong by modifying adhoc news and news in general. They were always more positive then they should have been. But let's skip that part. Let's just assume that Braun has taken part in the fraud.
Shareholders lost about 20 billion euros when dealing in that stock. Even more with options and so on, but let's just focus on stock exchange. I dont have numbers on how many shareholders will try to get money back from Braun, Wirecard AG, EY or Bafin. But I can guarantee you that not every individual will go to court or make lawyers work for them.
Most inidivuals will focus on EY since there are investors how will minimize the risk of these people. I told you that I have an insurance so I do not have to care on any risk. I will go every possible way with lawyers. The second most amount of shareholders will focus on Wirecard AG including Jaffe. In that case you are right that the more individuals join that, the less money they will all receive. In case they will at least get a euro. But the cost to participate in the case against Wirecard AG is very small.
Bafin will be the third most inidivuals joining. But this will take quiet some time since it is not yet clear what the chances for shareholders look like.
The smallest amount will focus on Markus Braun and his private company "MB Beteiligungsgesellschaft". According to the "Handelsblatt" article, Markus Braun and his family are currently trying to safe as much capital as possible by hiding Markus Braun's personal capital by pretending it to be owned by family. As you know Braun is currently in prison (Untersuchungshaft) since it is possible that he leaves the country and never comes back just as Marsalek. With that problem statement, individuals can perform a so called "dinglicher Arrest". You have to proof to the court that you got damage by Braun. Once the court decides if you really had damage, the court can agree on your "dinglicher Arrest". What this does is as followed:
Markus Braun has to depost exactly the money that was your damage. Once it is deposited, you will never have to share this amount with any other shareholder. So in general you can assume that once you got a "dinglicher arrest", you can be sure that you receive 100% of your damage.
Now back to the "dinglicher Arrest": Once the court has agreed on it, you have to give Braun the chance to contradict and you also have to achieve a so called "einstweilige Verfügung". It is important to note, that once Braun has deposited your damage, it is still not your money. With achieving the "einstweilige Verfügung" you will gain access to the deposit. In case you will not achieve that, Braun will get back the deposit and you have to pay him compensation for blocking the money of your damage.
But in case you achieve the "einstweilige Verfügung" you will never have to share the money with other people. And that's what I was talking about when I said that former shareholders became stakeholders.
Please let me know if you have understood. In case not, you might keep going drinking italien wine. |