DUTCH COURT THROWS OUT A380 PROBE

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By TESTCustomwebLP TESTCustomwebLP November 4, 2010 14:40

DUTCH COURT THROWS OUT A380 PROBE

A case brought by two investment funds, Irish Life Investment Managers and Deka Investment, called for a probe into how Airbus communicated to the market about its A380 programme. The two funds lost money on EADS share price drops in June 2006 when announcements were made on delays to the programme. However a Dutch commercial court has rejected their calls for a probe into how they communicated those delays. Last year, the European manufacturer was cleared of any wrongdoing relating to misinformation and market abuse relating to the A380 delays and share movements around the same time.

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By TESTCustomwebLP TESTCustomwebLP November 4, 2010 14:40
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