Clifford Chance secures dismissal for Airbus SE of purported investor class action

Global law firm Clifford Chance has secured a dismissal for Airbus SE on a purported investor class action brought against Airbus SE in the Dutch courts by Stichting Investor Loss Compensation (SILC) using the Dutch WAMCA proceedings.

The Hague Court of Appeal confirmed the lower court’s judgment and dismissed the purported investor class action, in which SILC sought compensation for alleged losses incurred by Airbus SE investors. In short, the court held that the interests of the members of the purported class were not sufficiently safeguarded, as it deemed that the claim funders have too much influence on how SILC handles the matter. The full judgment can be found here (in Dutch).

The Clifford Chance team was led by Daan Lunsingh Scheurleer and Jeroen Regouw and also included Sander Hendrix and Veerle van den Bergen (Litigation) in Amsterdam.