French court orders trial for EADS, Daimler execs

Print
Email
|

Associated Press

Posted on December 2, 2013 at 1:02 PM

Updated Monday, Dec 2 at 3:33 PM

PARIS (AP) — The Paris prosecutor's office says a French court has ordered a trial for Daimler AG and Lagardere SCA as well as EADS executives in an insider trading investigation dating to 2006.

Agnes Thibault-Lecuivre, spokeswoman for the Paris prosecutor, says that those ordered Monday to trial included John Leahy, the current Airbus chief operating officer, and Noel Forgeard, former EADS co-CEO.

In a statement, EADS says it supported its managers, who it said were cleared in 2009 by France's market regulator in a separate inquiry. At the heart of the probe is what the EADS executives and board members knew about problems with the A380 and A350 aircraft when they sold shares or exercised options worth millions of euros (dollars).

Print
Email
|