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EADSY.US
id: 249, Created by George Scott, Scout
Airbus Group NV
Settled
24 February 2016
Class period Start30 July 2020
Class period End13 September 2022
Claim deadlineKornecki 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