Airbus SE : American Depositary Shares Securities Litigation

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Lawsuit Overview

Defendant:AIRBUS SE UNSP/ADR
Date Filed:August 6th, 2020
Class Start Date:February 24th, 2016
Class End Date:July 30th, 2020

According to the Complaint, Airbus SE is a multinational aerospace corporation, operating through its Commercial Aircraft, Defense and Space, and Helicopters divisions.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational, and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose: (i) that Airbus's policies and protocols were insufficient to ensure the Company's compliance with relevant anti-corruption laws and regulations; (ii) that, consequently, Airbus engaged in bribery, corruption, and fraud in order to enhance its business with respect to its commercial aircraft, helicopter, and defense deals; (iii) that, as a result, Airbus's earnings were derived in part from unlawful conduct and therefore unsustainable; (iv) the full scope and severity of Airbus's misconduct; (v) that resolution of government investigations of Airbus would foreseeably cost Airbus billions of dollars in settlements and legal fees and subject the Company to significant continuing government investigation and oversight; and (vi) that, as a result, the Company's public statements were materially false and misleading at all relevant times.

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First Identified Complaint

Andrew J. Kornecki, et al. v. Airbus SE, et al.

Date Filed:August 6th, 2020
Class Period Start:February 24th, 2016
Class Period End:July 30th, 2020
First Identified Complaint Filings
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