PWB Rechtsanwälte – class action does not help Prokon investors

The financial supervisory authority Bafin acts exclusively in the public interest. It is therefore difficult or even hopeless for investors to get compensation from her if she has not prevented an investment disaster. Nonetheless, attorney Philipp Beyer tries to persuade investors in the wind power company Prokon GmbH (now Prokon e.G.), which became insolvent in 2014, for the second time to assert information claims to review state liability claims.

He started the first attempt with BKR Beyer Kilian Rechtsanwälte Partnerschaftsgesellschaft, the second with PWB Rechtsanwälte, both from Jena. Under lines like “If I was harmed by father state, father state should also pay” he advertises a class action in which investors can take part for a one-time fee of 498 euros.

Beyer wants to clarify whether the state failure of the Bafin is to blame for investor losses. Should a court answer in the affirmative, each investor would have to sue for damages individually – a legally high hurdle. Finanztest considers Beyer’s approach to be tailoring money and has been warning against PWB since 2016 (Investment warning list).

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