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12/21/09

EADS execs, shareholders cleared of inside trading

"The French market regulator has cleared 17 current and former executives of Airbus' parent company EADS of insider trading in a multimillion-dollar scandal, citing a lack of evidence to show they used knowledge of delays to the A380 superjumbo program when selling their shares.

Thursday's decision follows a nearly 3-year probe, and a week of closed-door hearings, into what the EADS executives and board members knew about technical problems with the Airbus' A380 superjumbo and mid-range A350 aircraft. They were suspected of using such insider information when they sold shares or exercised stock options worth millions of euros (dollars) in 2005 and early 2006"

EADS execs, shareholders cleared of inside trading - BusinessWeek - by Emma van Dore

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