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    <copyright>Copyright 2026</copyright>
    <pubDate>Fri, 14 Aug 2026 03:32:49 +0500</pubDate>
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      <title>Daimler hit by EADS insider trading charges: source</title>
      <link>https://www.brecorder.com/news/2522/daimler-hit-by-eads-insider-trading-charges-source</link>
      <description>&lt;p class="MsoPlainText"&gt;&lt;img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/daimler.jpg" width="400" height="259" /&gt;PARIS: French judges are charging German auto giant Daimler in an insider trading scandal centering on the European defence group EADS, a judicial official told AFP on Thursday.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Investigating judges are charging Daimler, a key shareholder in EADS, with insider trading in a high-profile case relating to the sale of EADS shares in 2005 and 2006, said the official, who asked not to be named.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Daimler sold 7.5 percent in EADS in April 2006. Two months later the group's star company, plane maker Airbus, announced a major delay to deliveries of its A380 passenger jet, which dragged EADS share prices down.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Major French media and defence company Lagardere has also been charged in the case after selling a 7.5 percent stake in EADS at the same time.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Former EADS co-chairman Noel Forgeard and senior Airbus executive John Leahy are among several top managers charged in the scandal which broke in 2008. They have denied any wrongdoing.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Forgeard stepped down in July 2006 amid mounting pressure over the A380 delays and his decision to exercise share options earlier in the year.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Daimler, owner of Mercedes Benz, makes luxury cars and is the world leader in heavy truck manufacturing.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;In Berlin Wednesday, the government said it would host a meeting on the future of EADS on February 23, amid reports that Daimler wanted to sell its remaining 15-percent stake.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Daimler holds 15 percent of EADS and 22.5 percent of its voting rights is preparing its exit, according to the German media.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The firm could even get rid of its holdings this year, the Financial Times Deutschland has reported.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt; &lt;/p&gt;
&lt;p&gt;&lt;center&gt;&lt;b&gt;&lt;i&gt;Copyright AFP (Agence France-Presse), 2011&lt;/i&gt;&lt;/b&gt;&lt;i&gt; &lt;/i&gt;&lt;/center&gt;&lt;/p&gt;
&lt;p&gt; &lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/daimler.jpg" width="400" height="259" />PARIS: French judges are charging German auto giant Daimler in an insider trading scandal centering on the European defence group EADS, a judicial official told AFP on Thursday.</p>
<p class="MsoPlainText">Investigating judges are charging Daimler, a key shareholder in EADS, with insider trading in a high-profile case relating to the sale of EADS shares in 2005 and 2006, said the official, who asked not to be named.</p>
<p class="MsoPlainText">Daimler sold 7.5 percent in EADS in April 2006. Two months later the group's star company, plane maker Airbus, announced a major delay to deliveries of its A380 passenger jet, which dragged EADS share prices down.</p>
<p class="MsoPlainText">Major French media and defence company Lagardere has also been charged in the case after selling a 7.5 percent stake in EADS at the same time.</p>
<p class="MsoPlainText">Former EADS co-chairman Noel Forgeard and senior Airbus executive John Leahy are among several top managers charged in the scandal which broke in 2008. They have denied any wrongdoing.</p>
<p class="MsoPlainText">Forgeard stepped down in July 2006 amid mounting pressure over the A380 delays and his decision to exercise share options earlier in the year.</p>
<p class="MsoPlainText">Daimler, owner of Mercedes Benz, makes luxury cars and is the world leader in heavy truck manufacturing.</p>
<p class="MsoPlainText">In Berlin Wednesday, the government said it would host a meeting on the future of EADS on February 23, amid reports that Daimler wanted to sell its remaining 15-percent stake.</p>
<p class="MsoPlainText">Daimler holds 15 percent of EADS and 22.5 percent of its voting rights is preparing its exit, according to the German media.</p>
<p class="MsoPlainText">The firm could even get rid of its holdings this year, the Financial Times Deutschland has reported.</p>
<p class="MsoPlainText"> </p>
<p><center><b><i>Copyright AFP (Agence France-Presse), 2011</i></b><i> </i></center></p>
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      <guid>https://www.brecorder.com/news/2522</guid>
      <pubDate>Thu, 10 Feb 2011 15:20:48 +0500</pubDate>
      <author>none@none.com (Imad Uddin)</author>
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