Airbus shareholders sue company over alleged securities fraud
Business ı By Marivic Cabural Summers
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The reports regarding the investigations, the $4 billion settlement, and the corruption charges resulted in the decline of Airbus ADRs and foreign ordinaries during the relevant periods.
“Unbeknownst to investors and the public, however, Airbus was at an increased and foreseeable risk of facing significant potential liabilities for other alleged illegal activities that would later be investigated by governmental authorities around the world. These activities, combined with the investigation into GPT, implicated all three of Airbus’s divisions, calling into question the sustainability of the Company’s reported earnings during the Class Period,” according to the lawsuit.
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