Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of SAP SE (“SAP” or “the Company”) (NYSE: SAP). Investors who purchased SAP securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether SAP has violated federal securities laws.
Investigation Details
On September 25, 2024, Bloomberg News reported that the U.S. Department of Justice was investigating SAP and other companies for potentially conspiring to overcharge U.S. government agencies over the course of a decade, by “fix[ing] prices on sales to the U.S. military and other parts of the government”. On this news, SAP’s American depositary receipt (“ADR”) price fell $7.64 per ADR, or 3.31%, to close at $223.29 per ADR on September 25, 2024.
What’s Next?
If you are aware of any facts relating to this investigation or purchased SAP securities, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
SAP — Stock Performance
About Bronstein, Gewirtz & Grossman, LLC
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”