in june 2006 airbus was embroiled in significant international controversy over an announcement of further delays in the delivery of its a380. following the announcement the value of associated stock plunged by up to 25% in a matter of days, although it soon recovered afterwards. allegations of insider trading on the part of noël forgeard, ceo of eads, its majority corporate parent, promptly followed. the loss of associated value was of grave concern to bae, press described a "furious row" between bae and eads, with bae believing the announcement was designed to depress the value of its share. a french shareholder group filed a class action lawsuit against eads for failing to inform investors of the financial implications of the a380 delays while airlines awaiting deliveries demanded compensation. as a result, eads chief noël forgeard and airbus ceo gustav humbert resigned on 2 july 2006.