Robbins Geller Rudman & Dowd LLP announced that purchasers of Wise Group plc publicly traded securities between May 11, 2026 and July 23, 2026 have until September 29, 2026 to seek appointment as lead plaintiff in a class action lawsuit. The lawsuit, captioned Daugherty v. Wise Group plc, alleges that Wise Group and certain top executives made false and misleading statements by understating regulatory risks related to deficient anti-money laundering and counter-terrorism financing efforts. The complaint points to a June 1, 2026 Reuters article reporting a Belgian money-laundering investigation involving over half a billion euros in suspicious transactions, which caused Wise Group’s U.S. listed shares to fall more than 5% that day, nearly 5% further on June 2, and more than 7% further on June 3. It also cites a July 24, 2026 Wall Street Journal article stating that U.S. regulators denied Wise Group a national trust bank license due to long-standing deficiencies in its anti-money laundering and counter-terrorism financing program, leading to a more than 6% drop in its U.S. listed shares. Investors who suffered substantial losses can contact Robbins Geller to discuss serving as lead plaintiff, though participation in any recovery does not require that role.
Wise Group plc Class A Ordinary SharesClass action lawsuit alleges false statements about AML/CFT deficiencies and regulatory risks, causing share drops.