What is the case about?
Airbus facilitated and maintained large-scale bribery and corruption scheme in its aviation business. Airbus did not adequately inform the investing public about its wrongful conduct. AIRS has taken legal action in the Netherlands to recover the losses affected investors have suffered due to the unlawful actions of Airbus.
What steps has AIRS already taken against Airbus?
In August 2021 AIRS sent a letter to Airbus, holding Airbus liable for the damages incurred by the affected investors and inviting Airbus to enter into settlement negotiations. Airbus has denied all charges and rejected this invitation on 1 December 2021. On 1 April 2022 a writ of summons
was served on Airbus.
For the latest developments in the legal proceedings, see Progress of the claim
Who can participate in the action?
If you bought and held ordinary shares in Airbus through the Paris, Frankfurt or Spanish stock exchanges during the period 1 January 2008 to 31 July 2020, you may have suffered a loss as a result of Airbus’s disclosure failures and are potentially eligible to join the claim.
What compensation am I entitled to?
At this point in time, the amount of damages that you may be entitled to is uncertain. In general, the compensation will also depend on the timing and volume of your trades. It is possible that the relevant period during which shares were purchased and held may change going forward as more information becomes available.
How long will it take to get compensation?
Litigation of this type is a lengthy process and it may take several years to obtain a final decision in the legal proceedings against Airbus or negotiate a settlement.
Who is claiming damages from Airbus on behalf of investors?
Airbus Investors Recovery Stichting, also referred to as AIRS or the Foundation. Airbus Investors Recovery Stichting is an independent Dutch foundation that has initiated legal proceedings against Airbus before the District Court The Hague. It is still possible to join the action by registering here