Poitin
Topic Author
Posts: 2651
Joined: Wed Jan 25, 2006 6:32 am

Latest On Eads Insider Trading Due To A380

Sat May 12, 2007 3:18 am

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
Now so, have ye time fer a pint?
 
flysherwood
Posts: 881
Joined: Thu Jul 20, 2006 2:58 am

RE: Latest On Eads Insider Trading Due To A380

Sat May 12, 2007 4:57 am

What is unbelievable is that Forgeard still received his Golden Parachute!  Angry
 
XT6Wagon
Posts: 2646
Joined: Tue Feb 13, 2007 4:06 pm

RE: Latest On Eads Insider Trading Due To A380

Sat May 12, 2007 7:38 am

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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