Allianz to pay $ 6 bln in US fraud case, fund managers charged

NEW YORK / MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $ 6 billion and its US asset management unit pleaded guilty to criminal securities fraud over the collapse of a group of investment funds early in the COVID-19 pandemic. Allianz’s settlements with the US Department of Justice and … Read more