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EADS, the former co-chief executive detained

Ottobrunn, Germany - Alleged insider trading

The former co-chief executive of Airbus parent EADS, Noel Forgeard, was detained Wednesday in connection with an investigation into alleged insider trading. Investigators are looking into the sale of EADS shares by top executives and big shareholders before a June 2006 announcement of delays for the much-anticipated A-380 wide-body airliner. EADS shares crashed 26% in one day. He exercised about...

AVIONEWS - World Aeronautical Press Agency - 1090181
Rome, Italy, 05/28/2008 13:37
AVIONEWS - World Aeronautical Press Agency

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