Arnaud Lagardère, head of the Lagardère media conglomerate, is suing France’s AMF stock market watchdog after the leak last month of a preliminary report into alleged insider dealing at Franco-German aerospace group EADS.
The group is claiming to have suffered damages to its shares after the French daily Le Figaro published details of a non-conclusive and confidential AMF report on share dealings by 21 past and present EADS executives, as well as its two core shareholders, Lagardère and Daimler.
The preliminary report raised the alarm over alleged insider dealing “on a massive scale”. All deny any wrong-doing and Lagardère follows EADS and Tom Enders, head of the Franco-German group’s Airbus subsidiary, in filing complaints against unknown persons at the AMF for violation of professional and judicial confidentiality requirements.
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