A lawsuit brought by a Wirecard shareholder against Germany’s Federal Financial Supervisory Authority (BaFin) has been dismissed by the Higher Regional Court of Düsseldorf. The court announced Wednesday that the 18th Civil Senate found no grounds for a claim of damages stemming from alleged breaches of official duty by the regulator.
The plaintiff had purchased an additional 40 Wirecard shares in 2019 following BaFin’s imposition of a ban on short selling and the filing of a criminal complaint against journalists with the Financial Times. She contended that these actions had lulled her into a false sense of security. The Krefeld Regional Court had previously rejected the claim in July 2024.
The Higher Regional Court upheld this decision, stating that neither a culpable breach of official duty nor a causal link between BaFin’s actions and the plaintiff’s damages could be established. The ruling is not yet final and the plaintiff has the option to appeal to the Federal Court of Justice.
