Woodsford funds Dutch class action against Airbus
Woodsford is funding a Dutch class action brought by Scott+Scott on behalf of Airbus investors relating to alleged large-scale corruption and bribery perpetrated by Airbus. Investigations by various authorities subsequently resulted in Airbus having to pay a fine of approximately €3.6 billion (US$4 billion). When this information became publicly known, the price of Airbus shares fell sharply, causing losses to investors.
The class action is open to all institutional investors and retail investors in Airbus who purchased and held its ordinary shares through the Paris, Frankfurt or Spanish stock exchanges during the period 1 January 2008 to 31 July 2020.