Quebec Court Approves Class Action Against Bombardier Over 2018 Financial Disclosures

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

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.