Clifford Chance (CC) is advising European aerospace and defence giant EADS on proceedings brought against the company and some of its directors by the French Autorite des Marches Financiers (AMF) for breach of market information duties and for breach of insider trading rules, writes The American Lawyer.

The magic circle firm’s role emerged earlier this week (1 April) after the AMF – the French equivalent of the Securities & Exchange Commission – confirmed it would launch a formal action against the company and some of its current and former executives following an 18-month investigation.