08.10.2007
FLUG REVUE

2007-10-07 - EADS insider trading allegaEADS hit by insider trading allegations

Untersuchungen wegen Insiderhandel laufen<br /> After a report in Le Figaro concerning investigations into possible insider trading by senior executives of EADS, the French securities regulator confirmed that it submitted an interim memorandum to the prosecuting authorities in Paris in early September, in accordance with law.

It also insisted that it has not completed its investigations and is unlikely to do so before the beginning of 2008; consequently, the AMF Board, which has sole authority to commence regulatory proceedings against persons suspected of infringing its General Regulation, has not given an opinion on the matters reported in the article and, at this stage, has decided solely to inform the criminal court thereof. EADS of course considered that the leaks constitute an unlawful violation of the confidentiality of the current investigations and of the principle of the presumption of innocence.




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