November 23, 2024

The Queens County Citizen

Complete Canadian News World

U.S. stocks begin to rebound with new sales damaged by tech: markets rolling

Yahoo Finance

Globnewswire

Shareholder Warning: Pomerantz Law Firm Reminds Shareholders Who Have Losses on Investments in Class Action Lawsuit and Airbus SE of Upcoming Deadline – EADSY; EADSF

New York, September 10, 2020 (Globe Newswire) – Pomerantz LLP has announced that it has filed a class action lawsuit against Airbus SE (“Airbus” or “Company”) (OTCMKTS: EADSY; EADSF) and some of its executives. . Class action filed in United States District Court for the district of New Jersey and referred to under section 20-CV-10084, on behalf of a class of individuals and entities other than the defendants who purchased or purchased Airbus securities. Between February 24, 2016 and July 30, 2020, including two dates (“class period”), to recover damages caused by a defendant’s breach of federal security laws and under sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 (a) “Exchange Act”) and Rule 10B-5 against the Company and its superiors. If you are a shareholder who purchased Airbus securities during the class period, you have until October 5, 2020 to ask the court to appoint you as the lead plaintiff for the class. A copy of the complaint can be found at www.pomerantzlaw.com. To discuss this action, see Robert S. Willowby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll free, exit. 7980. Inquiries by e-mail are encouraged to include their mailing address, telephone number and number of shares purchased. [Click here for information about joining the class action]Airbus was founded in 2000 and is based in Leiden, Netherlands. The company operates through a multinational aerospace corporation, its commercial aircraft, defense and aerospace and helicopter divisions. Company American Depository Receipts (“ADRs”) are traded on the over-the-counter market (“OTC”) and the company’s overseas common stock (“foreign ordinary”) under the ticker symbol “EADSY”. US in OTC under the ticker symbol “EADSF”. In August 2012, the United Kingdom (“UK”) Serious Fraud Office (“SFO”) announced the launch of an official criminal investigation into GPT Special, one of Airbus’ subsidiaries. Project Management Limited (“GPT”), which was acquired by Airbus in 2007. The allegations call into question the service agreement that GPT introduced before the acquisition of Airbus, in connection with GPT’s operations in Saudi Arabia. However, unbeknownst to investors and the public, Airbus risks incurring significant potential liability for other illegal activities and is subsequently investigated by government officials around the world. These activities, combined with the investigation into GPT, involved three divisions of Airbus, questioning the stability of the company’s reported earnings over the class period. The complaint alleges that during class, the defendants made physically false and misleading statements. Company business, operational and compliance policies. In particular, the defendants made false and / or misleading statements and / or failed to disclose: (i) Airbus policies and protocols were inadequate to ensure that the Company complied with the relevant anti-corruption laws and regulations; (ii) as a result, Airbus committed bribery, corruption and fraud to improve its business in relation to its commercial aircraft, helicopter and defense contracts; (iii) as a result, Airbus’ revenues were derived from somewhat illegal conduct and are therefore not consistent; (iv) the full extent and severity of the misconduct of the Airbus; (v) Airbus’ government research decision will cost Airbus billions of dollars in settlements and legal fees and subject the company to continuous government investigation and monitoring; And (vi) as a result, the Company’s public statements are physically misleading and misleading at all relevant times. On August 8, 2016, Reuters reported that it had launched a corruption investigation into UK Airbus. In particular, the SFO announced that it had launched a criminal investigation into allegations of fraud, bribery and corruption in Airbus’ civil aviation business “related to fraud by third party consultants”. Earlier this year Airbus flagged “false assumptions and errors” related to external contractors in some export financing applications to UK regulators and European export credit agencies, an internal research firm said. In the news, Airbus ADRs fell 21.021, or 1.49%, to $ 13.86 per share on August 8, 2016, and Airbus Foreign Ordinary fell 82 0.82 or 1.45% per share, closing at 55.588 on August 8, 2016. France and the US then began their investigations into the SFO allegations in 2017 and 2018, respectively. On January 31, 2020, the media and newspapers reported that the US, UK and French prosecutors had agreed to settle $ 3.6 billion ($ 4 billion) in bribes and export-control violations against the company. In line with the settlement, Airbus agreed to appoint an external compliance officer to oversee the company’s handling of its defense-related sales and disclosures for at least two years. According to the news, Airbus ADRs fell 72 0.72 or 1.93% per share on January 31, 2020. Closed at 36.68, and Airbus Foreign Ordinary fell 21 2.21 or 1.48% per share to close at 7 147.00 on January 31. 2020. Then, on March 15, 2020, the Wall Street Journal reported that red flags had been raised in the past about fees paid to several intermediaries working in its helicopter division, at which time the company’s current chief executive officer (“CEO”), defendant Guilloom MJD Fourie (“Fury”) ), Which may violate global bribery and corruption rules, which have not previously been disclosed and / or reported, according to internal documents relating to Air Lus’ $ 4 billion bribery settlement. In the news, Airbus ADRs fell 44 3.44 or 15.71% to $ 18.46 per share on March 16, 2020, and Airbus Foreign Ordinary fell $ 7.97 or 9.3% to $ 77.75 per share on March 16, 2020. On July 30, 2020, the Wall Street Journal reported that the SFO had accused the GPT and three others of corruption in connection with the UK’s defense agreement with Saudi Arabia. The allegations are the culmination of an investigation launched by the SFO in August 2012. In the news, Airbus ADRs fell 67 0.67 or 3.56% per share, closing at 18.13 per share on July 31, 2020, and Airbus Foreign Ordinary fell 85 2.85. Per share on July 31, 2020. 3.8% to close at 72.10. With offices in New York, Chicago, Los Angeles and Paris, Pomerantz is recognized as one of the leading companies in the corporate sector. , Securities and Antitrust Class Litigation. The late Abraham L., known as the Dean of the Class Action Bar. Founded by Pomerantz, Pomerantz is a leader in the field of securities class operations. Today, 80 years later, the Pomerantz company continues in the tradition he founded, fighting for the rights of victims of securities fraud, breach of trust duty and corporate misconduct. The company has reclaimed several million dollars in compensation awards on behalf of its members. See www.pomerantzlaw.comCONTACT: Robert S. Willowby Pomerantz LLP [email protected]

About The Author