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French prosecutor told of 'massive' insider trading at EADS

French prosecutor told of 'massive' insider trading at EADS

Assessment

Interactive Video

Business, Journalism, Social Studies

10th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

The transcript discusses insider trading allegations involving major shareholders of Airbus' parent company, EADS. The Figaro newspaper revealed that these shareholders sold shares before Airbus' problems became public, saving 90 million euros. The report names Lagardere and Daimler Chrysler, who sold significant stakes before a share price collapse due to A380 delays. The government, advised to sell state holdings, denied illegal trading involvement. Despite plans to deliver the first A380 to Singapore Airlines, Airbus and EADS face ongoing challenges.

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