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Case Status:    SETTLED
On or around 06/28/2022 (Date of last review)

Filing Date: August 06, 2020

According to the Complaint, Airbus SE is a multinational aerospace corporation, operating through its Commercial Aircraft, Defense and Space, and Helicopters divisions.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose: (i) that Airbus's policies and protocols were insufficient to ensure the Company's compliance with relevant anti-corruption laws and regulations; (ii) 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; (iii) that, as a result, Airbus's earnings were derived in part from unlawful conduct and therefore unsustainable; (iv) the full scope and severity of Airbus's misconduct; (v) 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 (vi) that, as a result, the Company's public statements were materially false and misleading at all relevant times.

On February 19, 2021, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel.

On May 20, 2022, the parties entered into a Stipulation of Settlement. The Court granted preliminary approval of the Settlement on May 26.

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