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Latest On Eads Insider Trading Due To A380  
User currently offlinePoitin From , joined Dec 1969, posts, RR:
Posted (7 years 3 months 3 weeks 3 days 10 hours ago) and read 1868 times:

Hopefully I didn't miss another listing of this but Bloomberg has a report that:

    May 11 (Bloomberg) -- An investigation of insider trading at European Aeronautics, Defence & Space Co. has come across a taped call regarding discussions of production delays for the Airbus A380 that took place three months before the setbacks were disclosed and EADS shares tumbled 26 percent.


Complete article here:

http://www.bloomberg.com/apps/news?p...601109&sid=a8anFMOLFwEQ&refer=home

2 replies: All unread, jump to last
 
User currently offlineFlysherwood From United States of America, joined Jul 2006, 1115 posts, RR: 0
Reply 1, posted (7 years 3 months 3 weeks 3 days 8 hours ago) and read 1776 times:

What is unbelievable is that Forgeard still received his Golden Parachute!  Angry

User currently offlineXT6Wagon From United States of America, joined Feb 2007, 3397 posts, RR: 4
Reply 2, posted (7 years 3 months 3 weeks 3 days 6 hours ago) and read 1646 times:

Quoting Flysherwood (Reply 1):
What is unbelievable is that Forgeard still received his Golden Parachute!

Well, dunno what the laws say, but most places you can't profit from your crimes, so if he is convicted expect some severe monetary damage.

Oh and a shareholder lawsuit against him personally would do some serious damage.


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