Lawsuits Accuse EADS
Of Insider Trading

Class-Action Status
Sought in U.S. Cases
Following French Probes

By DANIEL MICHAELS

U.S. tort lawyers are taking up a challenge that French prosecutors and stock-market regulators have been grappling with for almost two years: Proving that executives and core shareholders of Airbus parent European Aeronautic Defence & Space Co. knowingly traded on insider information, and weren't simply bad managers.

As Wall Street grapples with its latest, increasingly bloody round of job cuts, DealBook surveys layoffs from the years past.

Definition

grapple was found in the Cambridge Advanced Learner's Dictionary at the entries listed below.

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insider dealing noun [U] (ALSO insider trading)
the illegal buying and selling of company shares (= a financial part of the ownership of a company) by people who have special information because they are involved with the company

The unlawful practice of using information that comes from a source “inside” the business but is not available to the general public to trade on the stock market. This activity is prohibited by law and is policed by the Securities and Exchange Commission.

In the mid-1980s, several revelations of insider trading rocked Wall Street.