France Nabs Ex-COO Of Airbus Co. For Insider Trading

Law360, New York (June 18, 2008, 12:00 AM EDT) -- French regulators filed preliminary charges on Tuesday against an ex-deputy chief executive of EADS NV, the parent company of Airbus, in a probe into possible insider trading at the aircraft maker that may have led to the delay of the company's superjumbo jet.

The Pole Financier of the TGI of Paris set bail for former Chief Operating Officer Jean-Paul Gut at €400,000 ($619,000), according to the Associated Press. Gut left the European Aeronautic Defence and Space Company in June 2007, saying that repeated talks with other...
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