The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of those who acquired Airbus SE (“Airbus” or the “Company”) (OTC Pink: EADSY) (OTC Pink: EADSF) securities during the period from February 24, 2016 through July 30, 2020, inclusive (the "Class Period"). Investors have until October 5, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
According to the Complaint, the Company made false and misleading statements to the market. Airbus failed to maintain appropriate protocols to ensure compliance with anti-corruption laws. The Company engaged in bribery, corruption, and fraud schemes to enhance its business in defense deals and other areas. The Company's earnings were derived in part from these illegal schemes, and therefore were unsustainable. These schemes were likely to cost the Company billions in settlements and fines and lead to ongoing governmental oversight. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Airbus, investors suffered damages.
If you acquired Airbus securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney at 212-371-6600, by email at email@example.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.