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The filed complaint alleges that SAP SE made materially false and/or misleading statements and/or failed to disclose that: 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". Following this news, SAP's American depositary receipt ("ADR") price fell over 3% on September 25, 2024.
In order to be eligible to join the SAP class action lawsuit, you must have incurred a loss on shares of SAP SE purchased during the class period listed above.
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