Bankruptcy administrator Jaffé prepares lawsuit against EY

Dusseldorf Martin Jonas has seen a lot. The auditor from Warth & Klein Grant Thornton examined the controversial purchase of EnBW shares by the state of Baden-Württemberg and recently the figures from the leasing company Grenke, which was targeted by a shortseller. The processing of accounting scandals is also part of his profession. One current order stands out: Wirecard. Michael Jaffé, the insolvency administrator of the Munich payment processor, has commissioned Jonas to examine claims for damages against the long-standing auditor EY. A lawsuit is in preparation.

“We specialize in looking at such special cases,” Jonas confirmed to the Handelsblatt. In essence, it is about the question of whether EY made mistakes and, if so, how difficult they were. The answer depends on whether and to what extent EY has to be liable.