INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Airbus SE (EADSY, EADSF) Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Airbus SE ("Airbus" or the "Company") (OTC: EADSY, EADSF) securities between February 24, 2016, and July 30, 2020, inclusive (the “Class Period”). Airbus investors have until October 5, 2020 to file a lead plaintiff motion.

Investors suffering losses on their Airbus investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [e-mail].

On March 15, 2020, The Wall Street Journal reported that, according to internal documents related to the Company’s $4 billion bribery settlement, Airbus executives had previously raised red flags about fees paid to a number of middlemen working with its helicopter division, which was led at the time by the now-Chief Executive Officer, that may have violated global bribery and corruption rules.

On this news, Airbus ADRs fell $3.44 per share, or nearly 16%, to close at $18.46 per share on March 16, 2020, and Airbus foreign ordinaries fell $7.97 per share, or about 9%, to close at $77.75 per share on March 16, 2020.

Then, on July 30, 2020, The Wall Street Journal reported that the U.K. Serious Fraud Office had charged an Airbus subsidiary and three individuals with corruption in connection with a defense contract the U.K. had arranged with Saudi Arabia.

On this news, Airbus ADRs fell $0.67 per share, or about 3%, to close at $18.13 per share on July 31, 2020, and Airbus foreign ordinaries fell $2.85 per share, or about 4%, to close at $72.10 per share on July 31, 2020.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Airbus’s policies and protocols were insufficient to ensure the Company’s compliance with relevant anti-corruption laws and regulations; (2) that, consequently, Airbus engaged in bribery, corruption, and fraud in order to enhance its business with respect to its commercial aircraft, helicopter, and defense deals; (3) that, as a result, Airbus’s earnings were derived in part from unlawful conduct and therefore unsustainable; (4) the full scope and severity of Airbus’s misconduct; (5) that resolution of government investigations of Airbus would foreseeably cost Airbus billions of dollars in settlements and legal fees and subject the Company to significant continuing government investigation and oversight; and (6) that, as a result, the Company’s public statements were materially false and misleading at all relevant times.

If you purchased Airbus securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone], toll-free at [phone], or by email to [e-mail], or visit our website at www.howardsmithlaw.com.

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