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Quebec Court Approves Class Action Against Bombardier Over 2018 Financial Disclosures

Shareholders allege Bombardier misled investors about financial health, leading to significant stock losses.

Overview

  • The class action targets Bombardier's former CEO Alain Bellemare and CFO John Di Bert.
  • Investors claim Bombardier failed to disclose critical financial information in 2018.
  • The lawsuit covers shareholders who purchased stock between August 2 and November 8, 2018.
  • Bombardier plans to defend itself and may appeal the court's decision.
  • The court has yet to rule on the merits of the allegations.