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EADSY.US
id: 249, Created by George Scott, Scout

Airbus Group NV

Settled
24 February 2016
Class period Start
30 July 2020
Class period End
13 September 2022
Claim 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.
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Lead plaintiff
Kornecki, Operating Engineers Construction Industry and Miscellaneous Pension Fund
Attorney
Robbins Geller Rudman & Dowd LLP
Court
District of New Jersey
Administrator
Gilardi & Co LLC
Court hearing date
30 September 2022
+$5,000,000
Total Settlement Amount
Created by George Scott, Scout

Airbus Group NV

Airbus SE engages in design, manufacture, and delivery of aerospace products, services, and solutions worldwide. It operates through three segments: Airbus, Airbus Helicopters, and Airbus Defence a...

    Ticker
    EADSY.US
    ISIN
    US0092791005
    Sector
    Industrials
    Industry
    Aerospace & Defense
    Country
    USA
    Address
    Mendelweg 30, Leiden, Netherlands, 2333 CS