01:23:23 EDT Fri 29 Mar 2024
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or Name
USA
CA



Bombardier Inc
Symbol BBD
Shares Issued 2,124,668,878
Close 2018-10-22 C$ 3.73
Market Cap C$ 7,925,014,915
Recent Sedar Documents

Post/CP say Bombardier takes legal aim at Mitsubishi

2018-10-23 09:08 ET - In the News

The Financial Post reports in its Tuesday edition that Bombardier is suing Mitsubishi Aircraft in a Seattle court over alleged trade secret misappropriation. A Canadian Press dispatch to the Post says that the Quebec aerospace company alleges some of its own former employees passed on documents containing trade secrets to Mitsubishi before going to work for the company. The 92-page complaint also targets AeroTEC, which supports the Japanese multinational in the development of its MRJ airliner, as well as several ex-Bombardier employees. Bombardier's chief executive officer intervened twice over the past two years to try to resolve the dispute. In a letter sent Jan. 27, 2017, Alain Bellemare warned Mitsubishi chairman Hideaki Omiya that the practices of subsidiary Mitsubishi Aircraft were causing "significant harm" to Bombardier. Bombardier alleges Mitsubishi and AeroTEC recruited no fewer than 92 of its former employees from both Canada and the United States. Bombardier alleges that Mitsubishi specifically recruited employees who had experience with the certification process and broke the law when it used confidential documents obtained from these employees in order to accelerate the timelines for its own MRJ airliner.

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