Pomerantz Regulation Agency Reminds Shareholders with Losses on their Funding in Airbus SE of Class Motion Lawsuit and Upcoming Deadline – EADSY; EADSF

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "NEW YORK, September 06, 2020 (GLOBE NEWSWIRE) – Pomerantz LLP announces that a class action lawsuit has been filed against Airbus SE (“Airbus” or the “Company”) (OTCMKTS: EADSY; EADSF) and some of its officers in the United States District Court for the district New Jersey, indexed at 20-cv-10084, is on behalf of a class consisting of all persons and entities, other than Defendants, who purchased or otherwise acquired Airbus securities between February 24, 2016 and in the United States 30. July 2020, both dates included (the “Class Period”) to seek damages caused by Defendants' breaches of the Federal Securities Act and to take remedial action under Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 (the "Stock Exchange Act") and nd rule 10b-5 promulgated therein against society and some of its top officials.
"data-reactid =" 12 "> NEW YORK, September 06, 2020 (GLOBE NEWSWIRE) – Pomerantz LLP announces that a class action lawsuit has been filed against Airbus SE (" Airbus "or the" Company ") (OTCMKTS: EADSY (EADSF ) and some of its officials. The class action lawsuit, filed in the U.S. District Court for the New Jersey District and indexed at 20-cv-10084, is on behalf of a class composed of all persons and entities other than defendants, who were between Jan. Purchased or otherwise acquired Airbus securities in the United States on February 28, 2016 and July 30, 2020, both dates including (the "Class Period") in order to seek damages caused by Defendants' violations of federal securities laws to seek legal remedies under the Prosecute Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 therein against the Company and some of its chief officers.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "If you are a shareholder who has meanwhile bought Airbus securities During class time, 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 is available at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 7980. Those who inquire by email are asked to provide their postal address, telephone number, and the number of shares purchased. "data-reactid =" 13 "> If you are a shareholder who bought Airbus securities during the class period, you have until October 5, 2020 to request the court to appoint you as the lead plaintiff for the class A copy of the complaint can be obtained at www.pomerantzlaw.com To discuss this promotion, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW) toll free, ext. 7980. E- Mails will be asked to provide their postal address, telephone number and the number of shares purchased.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "(Click here for information on how to participate in the class action.)"data-reactid =" 14 ">(Click here for information on how to participate in the class action.)

Airbus was founded in 2000 and is based in Leiden, the Netherlands. The company is a multinational aerospace company active in commercial aircraft, defense and space, and helicopters. The Company's American Depository Receipts ("ADRs") trade in the US on the over-the-counter ("OTC") market under the ticker symbol "EADSY" and the Company's foreign common stocks ("Foreign Ordinaries") trade on the US over the counter the ticker symbol "EADSF".

In August 2012 the UK Serious Fraud Office ("SFO") announced that it was opening a formal criminal investigation into one of Airbus' subsidiaries, GPT Special Project Management Ltd. ("GPT"), which Airbus has acquired The allegations challenged a service agreement that GPT had entered into prior to its acquisition by Airbus in connection with GPT's activities in Saudi Arabia.

Unknown to investors and the general public, however, Airbus faced an increased and predictable risk of incurring significant potential liabilities for other alleged illegal activities that were later to be investigated by government agencies around the world. These activities, coupled with the GPT investigation, affected all three of Airbus' businesses and challenged the sustainability of the company's reported earnings during the class period.

The complaint alleges that throughout the classroom period, the defendants made materially false and misleading statements about the company's business, operational, and compliance policies. Specifically, Defendants have made and / or failed to disclose false and / or misleading statements: (i) that Airbus policies and protocols were inadequate to ensure Company compliance with relevant anti-corruption laws and regulations; (ii) as a result, Airbus has committed bribery, corruption and fraud in order to improve its business in relation to its commercial aircraft, helicopter and defense equipment business; (iii) that as a result, some of Airbus' income comes from illegal conduct and is therefore unsustainable; (iv) the full scope and gravity of Airbus' misconduct; (v) that resolving Airbus government investigations would predictably cost billions of dollars in billing and legal fees and would subject the Company to significant continued government investigation and oversight; and (vi) that as a result, the Company's public statements were materially false and misleading at all relevant times.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "On August 8, 2016, Reuters reported that the UK opened a corruption investigation into Airbus. In particular, the OFS announced that it has "initiated a criminal investigation into allegations of fraud, bribery and corruption in civil aviation by Airbus" which "concern irregularities in relation to third party advisers". The investigation followed up on Airbus reports of "misstatements and omissions" involving outside contractors in certain export finance applications to UK regulators and European export credit agencies earlier this year that the company identified through an internal investigation. "Data-reactid =" 23 "> On August 8, 2016, Reuters reported that the UK had launched a corruption investigation against Airbus. In particular, the OFS announced that it was" conducting a criminal investigation into allegations of fraud, bribery and corruption in civil aviation by Airbus initiated, "which relate to irregularities in external consultants." The investigation followed up on Airbus reports of “misstatements and omissions” involving outside contractors on certain export finance requests to UK regulators and European export credit agencies earlier this year that the company identified through an internal investigation.

The story goes on

In that news, Airbus ADRs fell $ 0.21 per share, or 1.49%, to $ 13.86 per share on Aug. 8, 2016, and Airbus overseas regulatory agencies fell $ 0.82 per share, or 1, 45% and closed August 8th at $ 55.58 per share. 2016.

France and the US later launched their investigations into the SFO allegations in 2017 and 2018 respectively. On January 31, 2020, media reported that Airbus had agreed to an agreement with US, UK and French prosecutors to settle bribery and export control violations against the company for EUR 3.6 billion (USD 4 billion). As part of the settlement, Airbus also agreed to appoint an external compliance officer for at least two years to oversee the processing of defense-related sales and disclosures by the company.

In that news, Airbus ADRs fell $ 0.72 per share, or 1.93%, to close at $ 36.68 per share on January 31, 2020. Airbus overseas regulators fell $ 2.21 per share, or 1.48%, to close at $ 147.00 per share on January 31st. 2020.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Then, on March 15, 2020, the Wall Street Journal reported that Airbus executives had previously hoisted red flags over fees paid to a number of middlemen working with the helicopter division, led at the time by the company's current chief executive officer ("CEO"), Defendant Guillaume MJD Faury ("Faury") who may have violated global bribery and corruption rules, according to internal documents related to Airbus' $ 4 billion bribery regime that were not previously disclosed and / or reported. "Data-reactid =" 31 "> Then On March 15, 2020, the Wall Street Journal reported that Airbus executives had previously hoisted red flags over fees paid to a number of middlemen who work with the helicopter division Led by the Company's current Chief Executive Officer (“CEO”) at the time, Defendant Guillaume MJD Faury (“Faury”), who may have violated global bribery and corruption rules, according to internal documents related to the $ 4 billion – Airbus dollar bribery scheme that has not previously been published and / or reported.

In that news, Airbus ADRs fell $ 3.44 per share, or 15.71%, to close at $ 18.46 per share on March 16, 2020. Airbus overseas regulators fell $ 7.97 per share, or 9.3%, to close at $ 77.75 per share on March 16. 2020.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Finally, on July 30, 2020 the Wall Street Journal reported that the OFS had charged GPT and three people with corruption in connection with a defense treaty the UK had made with Saudi Arabia. These allegations were the culmination of the investigation that the OFS opened in August 2012. "Data-reactid =" 33 "> Finally, on July 30, 2020, the Wall Street Journal reported that the OFS had charged GPT and three people with corruption related to a defense treaty that the UK had agreed with Saudi Arabia the culmination of the investigation that the SFO launched in August 2012.

In that news, Airbus ADRs fell $ 0.67 per share, or 3.56%, to close at $ 18.13 per share on July 31, 2020. Airbus overseas regulators fell $ 2.85 per share, or 3.8%, to close at $ 72.10 per share on July 31. 2020.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The company Pomerantz with offices in New York, Chicago, Los Angeles and Paris are recognized as a leader in corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, best known as the dean of class action Pomerantz, the company pioneered class action litigation for securities. Today, more 80 years later, the Pomerantz Company continues its tradition of fighting for the rights of victims of securities fraud, fiduciary violations, and corporate misconduct collected numerous millions of dollars in damages on behalf of class members www.pomerantzlaw.com. "data-reactid =" 35 "> The Pomerantz company with offices in New York, Chicago, Los Angeles and Paris is one of the leading firms in the fields of corporate, securities and antitrust disputes. Founded by the late Abraham L. Pomerantz, Known as the dean of class actions, Pomerantz pioneered securities class action lawsuits. Today, more than 80 years later, Pomerantz continues its tradition of fighting for the rights of victims of securities fraud, fiduciary violations and misconduct The company has filed numerous claims for damages in the amount of millions of dollars on behalf of class members. See www.pomerantzlaw.com.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com"data-reactid =" 36 "> CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com

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