Shareholders launch legal action against EADS.
AIRLINE INDUSTRY INFORMATION-(C)1997-2006 M2 COMMUNICATIONS LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability
European Aeronautic aer·o·nau·tic also aer·o·nau·ti·cal
Of or relating to aeronautics.
aero·nau Defence and Space Co (EADS) is facing a lawsuit from shareholders following its announcement of delays to the manufacture and delivery of the new Airbus A380 aircraft.
The Association of Active Shareholders, a French shareholder group, has said that it plans to launch a "French-style class action" suit against EADS and is seeking up to EUR EUR
In currencies, this is the abbreviation for the Euro.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 10bn in damages.
Shares in EADS fell 26% after the company's Airbus unit announced the A380 delays two weeks ago, according to The Associated Press.
The problems are expected to cost EADS approximately EUR2bn over four years from 2007.
((Comments on this story may be sent to firstname.lastname@example.org))