id: 249, Created by Iaroslav Semashko, Scout
Airbus Group NV
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D. New JerseyCourt
24 Feb 2016Class period Start
30 Jul 2020Class period End
13 Sept 2022Claim deadline
Kornecki v. Airbus SE.
The Complaint asserted that Defendants made material misstatements and omissions regarding, among other things: (i) the sufficiency of Airbus’s policies and protocols to ensure compliance with relevant anti-corruption laws and regulations; (ii) Airbus’s involvement in a bribery and corruption scheme to enhance its commercial aircraft, helicopter, and defense business; (iii) Airbus’s earnings derived in part from alleged unlawful conduct and the sustainability of such earnings; and (iv) whether and to what extent the resolution of government investigations and enforcement actions would foreseeably cost Airbus substantial settlements and legal fees and subject the Company to significant continuing government oversight.
Kornecki, Operating Engineers Construction Industry and Miscellaneous Pension Fund
Robbins Geller Rudman & Dowd LLP
Gilardi & Co LLC
Court hearing date
30 September 2022
+$5,000,000Total Settlement Amount