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US shareholders to sue Ryanair for making “false & misleading statements” over relations with workers
Author: Barry O'Halloran, The Irish Times, Published on: 15 November 2018
"Ryanair and O’Leary being sued by US pension fund", 7 Nov 2018
US shareholders are suing Ryanair and chief executive Michael O’Leary for making “false and misleading statements” about the airline’s industrial relations woes.
Ryanair endured strikes by pilots and cabin crew during the summer as newly recognised trade unions sought changes in workers’ conditions...
The pension fund, based in Birmingham, Alabama, claims that between May 30th, 2017, and September 28th, 2018, Ryanair and Mr O’Leary made “false and misleading statements” about relations with workers and unions that artificially inflated the carrier’s share price...
Ryanair vowed to vigorously “defend and defeat these bogus ambulance chaser claims”, which it said had no basis in reality.
“Contrary to these invented claims, Ryanair has experienced very little industrial action this year from its staff,” the airline argued.
Ryanair said that over eight days of strikes, it operated more than 90 per cent of its schedule with minimal disruptions.