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Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement in the Airbus Securities Settlement

By: Robbins Geller Rudman & Dowd LLP via Business Wire

June 22, 2022 at 08:00 AM EDT

The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Airbus Securities Settlement:

UNITED STATES DISTRICT COURT

DISTRICT OF NEW JERSEY

ANDREW J. KORNECKI, Individually and

on Behalf of All Others Similarly Situated,

Plaintiff,

vs.

AIRBUS SE, et al.,

Defendants.

)

No. 2:20-cv-10084-KM-JBC

CLASS ACTION

SUMMARY NOTICE

TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED AIRBUS SE (“AIRBUS” OR THE “COMPANY”) SECURITIES IN THE UNITED STATES AS AMERICAN DEPOSITARY RECEIPTS (“ADR”) OR FOREIGN ORDINARIES UNDER THE TICKER SYMBOLS “EADSY” AND “EADSF,” RESPECTIVELY, DURING THE PERIOD BETWEEN FEBRUARY 24, 2016 THROUGH AND INCLUDING JULY 30, 2020, AND WERE ALLEGEDLY DAMAGED THEREBY, AND ARE NOT OTHERWISE EXCLUDED FROM THE SETTLEMENT CLASS

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the District of New Jersey, that a hearing will be held on September 30, 2022, at 2:00 p.m., before the Honorable Kevin McNulty, United States District Judge, at the United States District Court for the District of New Jersey, Martin Luther King Building & U.S. Courthouse, 50 Walnut Street, Newark, NJ 07102, for the purpose of determining: (1) whether the proposed Settlement of the claims in the Litigation for the principal amount of $5 million, plus interest, should be approved by the Court as fair, reasonable, and adequate; (2) whether a Class should be certified for purposes of settlement; (3) whether a Final Judgment and Order of Dismissal with Prejudice should be entered by the Court dismissing the Litigation with prejudice; (4) whether the Plan of Allocation is fair, reasonable, and adequate and should be approved; and (5) whether the application of Lead Counsel for the payment of attorneys’ fees and expenses and Lead Plaintiff’s expenses in connection with this Litigation should be approved.

IF YOU PURCHASED OR OTHERWISE ACQUIRED ANY AIRBUS ADRS OR FOREIGN ORDINARIES IN THE UNITED STATES DURING THE PERIOD FROM FEBRUARY 24, 2016 THROUGH AND INCLUDING JULY 30, 2020, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THIS LITIGATION. Airbus ADRs trade in the U.S. on the over-the-counter market (the “OTC”) under the ticker symbol “EADSY,” and Airbus foreign ordinaries trade in the U.S. on the OTC market under the ticker symbol “EADSF.” Excluded from the Settlement Class are: (i) Defendants, (ii) the current and Class Period officers and directors of the Company, (iii) members of the immediate families of the Individual Defendants, and (iv) the legal representatives, heirs, successors-in-interest, or assigns of any excluded person or entity, and any entity in which such excluded persons have or had a controlling interest. Also excluded from the Settlement Class are those Persons who timely and validly exclude themselves therefrom by submitting a request for exclusion. If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action (“Notice”) and a copy of the Proof of Claim and Release form, you may obtain copies by writing to Airbus Securities Settlement, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 8040, San Rafael, CA 94912-8040, or on the internet at www.AirbusSecuritiesSettlement.com. If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release by mail or online no later than September 13, 2022, establishing that you are entitled to a recovery. If you request to be excluded from the Class, you must submit a request for exclusion postmarked by September 9, 2022, in the form and manner explained in the detailed Notice. You will be bound by any judgment entered in the Litigation unless you request to be excluded, in writing, to Airbus Securities Settlement, c/o Gilardi & Co. LLC, EXCLUSIONS, P.O. Box 5100, Larkspur, CA 94977-5100, postmarked by September 9, 2022.

Any objection to the Settlement, the Plan of Allocation, and/or the fee and expense application must be received, not simply postmarked, by each of the following recipients no later than September 9, 2022:

CLERK OF THE COURT

UNITED STATES DISTRICT COURT

DISTRICT OF NEW JERSEY

Martin Luther King Building & U.S. Courthouse

50 Walnut Street, Room 4015

Newark, NJ 07102

Lead Counsel:

ROBBINS GELLER RUDMAN & DOWD LLP

BRIAN O. O’MARA

655 West Broadway, Suite 1900

San Diego, CA 92101

Defendants’ Counsel:

PAUL HASTINGS LLP

D. SCOTT CARLTON

515 S. Flower Street, 25th Floor

Los Angeles, CA 90071

PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE. If you have any questions about the Settlement, you may contact Lead Counsel at the address listed above.

Dated: June 8, 2022

BY ORDER OF THE COURT

UNITED STATES DISTRICT COURT

DISTRICT OF NEW JERSEY

View source version on businesswire.com: https://www.businesswire.com/news/home/20220622005008/en/

Contacts

Media:

Robbins Geller Rudman & Dowd LLP

Shareholder Relations Department

Greg Wood

(619) 231-1058

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