France Clears EADS Execs of Inside Trading
Picture taken 12 December 2006 in Paris of the entrance of headquarters of EADS, the company that owns Airbus, as a search is under way in connection with a probe into alleged insider trading by senior personnel of the group, a company source said. AFP PHOTO JACK GUEZ (Photo credit should read JACK GUEZ/AFP/Getty Images)
The French market regulator says it has cleared 17 current and former EADS executives of insider trading in a multimillion-dollar scandal as well as two companies with major EADS shareholdings, Lagardere SCA and Daimler AG.
Regulators have been investigating whether the executives and the key EADS shareholders knew about profit-damaging technical problems with Airbus' A380 superjumbo when they sold stock options in 2005 and early 2006.
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