Quebec judge authorizes a class action lawsuit from shareholders against Bombardier Inc., alleging false financial disclosures in 2018, leading to a share price drop.
Quebec judge authorizes a class action lawsuit from shareholders against Bombardier Inc., alleging that the company presented a false financial picture in 2018, leading to a share price drop. The lawsuit accuses then-CEO Alain Bellemare and then-CFO John Di Bert of not making timely disclosures of key facts. Bombardier denies wrongdoing and plans to vigorously defend itself.
May 27, 2024
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