Allianz Warns Of Risk, Confirms Justice Dept. Probe

August 2, 2021 by Associated Press

The Allianz financial services company is warning that lawsuits brought by U.S. investors against the company could end up having a material impact on its future financial results.

The major German company made the disclosure Sunday, noting that it received a request from the U.S. Department of Justice for documents and information related to the company’s Structured Alpha Funds business, which is at the center of the investor lawsuits. The Securities and Exchange Commission launched its own probe into the matter last year.

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Originally Posted at InsuranceNewsNet on August 2, 2021 by Associated Press.