United States: Airbus shareholders in U.S. file fraud lawsuit over disclosures, corruption probes

Airbus SE was sued on Thursday by shareholders who accused the European planemaker of securities fraud for misleading them about its ability to avoid and manage corruption accusations over nearly 4-1/2 years.

The proposed class action was filed by shareholder Andrew Kornecki in the federal court in Newark, New Jersey, and seeks unspecified damages for Airbus’ alleged violations of U.S. securities laws.

Chief Executive Officer Guillaume Faury and his predecessor, Tom Enders, as well as Chief Financial Officer Dominik Asam and his predecessor, Harald Wilhelm, were also named as defendants.

The original full article can be found at reuters.com

(Picture: Pascal Rossignol/Reuters)

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