Fines call for Airbus and EADS executives

Article reports that seven current and former executives of Airbus and its parent company EADS, including Noël Forgeard, former EADS co-chief executive, should be fined for alleged insider share dealing offences according to a provisional report prepared for the French financial markets regulator.

The 381-page report of the independent examiner appointed by the Autorité des Marchés Financiers has recommended a total of €12.3m in fines, including €5.45m against Mr Forgeard and €3.6m against John Leahy, Airbus’s chief commercial officer.

ESO: Background information: Bank reignites EADS share trading controversy http://www.europeansources.info/record/bank-reignites-eads-share-trading-controversy/

ESO: Background information: EADS accused by watchdog http://www.europeansources.info/record/eads-accused-by-watchdog/

Website: AMF http://www.amf-france.org/Default.asp?lang=en

Deutsche Welle, 23.11.09: Company bosses appear to answer charges of Airbus insider trading http://www.dw-world.de/dw/article/0,,4919248,00.html

France24, 23.11.09: EADS insider trading trial gets underway http://www.france24.com/en/20091123-eads-aerospace-defence-insider-trading-stock-options-amf-trial-france-germany

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