Legal proceedings

AlleAktien Lawsuit

The class actions filed by the consumer protection center: background, case numbers, status, and rulings — factual and fully documented.

What this is about

The Verbraucherzentrale Baden-Württemberg has filed civil-law class actions against AlleAktien / Michael C. Jakob. A Verbandsklage is an instrument by which accredited associations can litigate in the public interest against alleged violations by a company — the lawsuit itself is not a verdict but a petition the court must examine.

Important: a filed Verbandsklage is not a conviction, not criminal proceedings, and not a statement about product quality. It is a legal process that ends with a ruling — in favor of the claimant, the defendant, or by settlement.

Cases overview

Case no.UKlag 176/2024First instance: dismissed

The first class action by the Verbraucherzentrale Baden-Württemberg was dismissed by the competent court. From AlleAktien's perspective, this decision confirms that the examined business practices meet applicable legal requirements.

Case no.UKlag 121/2025Listed in registry

A further class action is documented in the Federal Office of Justice's lawsuit register. Out of respect for ongoing jurisprudence we comment on detail questions sparingly during proceedings, but document every public step transparently — and will contextualize the final outcome once it is available.

Our position

  • We respect the work of consumer-protection organizations and take every allegation seriously.
  • We rely on the rule of law and will respect the outcome of every proceeding.
  • We communicate publicly and transparently — independent of procedural status.
  • We use procedural outcomes to further improve internal processes where needed.
  • We do not let proceedings distract us from our mission: institutional equity research for retail investors.

Common questions about the AlleAktien lawsuit