Allianz share price falls 7% following DoJ investigation
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Allianz share price falls 7% following DoJ investigation

Luke Harrison
02 August 2021
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Allianz shares fell by more than 7% as of 12.30 BST on the news the US Department of Justice (DoJ) has launched an investigation into the carrier’s Structured Alpha Funds and its Allianz Global Investors US (AGI) subsidiary.

Pension funds for truck drivers, teachers and subway workers filed lawsuits in the US against AGI, arguing that the carrier’s asset management arm failed to safeguard their investments during the financial market uncertainty caused by the Covid-19 pandemic.

The

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Luke Harrison
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