Skip to main content

Advertisement

Advertisement

Business

Airbus shareholders sue in US, allege fraud related to disclosures

Airbus shareholders sue in US, allege fraud related to disclosures

FILE PHOTO: The logo of Airbus is pictured at the entrance of the Airbus facility in Bouguenais, near Nantes, France, July 2, 2020. REUTERS/Stephane Mahe/File Photo

REUTERS: Airbus SE was sued on Thursday in a U.S. court by shareholders accusing the plane maker of securities fraud for making false and misleading statements about its business and having disclosure shortfalls over nearly 4-1/2 years.

The proposed class action was filed in the federal court in Newark, New Jersey, and seeks unspecified damages for losses suffered by Airbus shareholders from Feb. 24, 2016 to July 30, 2020.

(Reporting by Jonathan Stempel in New York)

Source: Reuters

Advertisement

Also worth reading

Advertisement