10:58 AM EDT, 05/27/2024 (MT Newswires) -- Aircraft maker Bombardier (BBD-B.TO, BBD-A.TO) on Monday said it intends to "vigorously" defend itself in a class action, after the Quebec Superior Court gave the go-ahead to plaintiff Denis Gauthier to institute for damages under the Quebec Securities Act. A statement noted Bombardier and the individual defendants deny any wrongdoing.

Bombardier said it is currently reviewing the authorization decision and is assessing its options, including the possibility of filing an appeal.

In February 2019, the plaintiff sought authorization to file a class action against Bombardier and certain of its former officers, Alain Bellemare and John Di Bert, alleging that Bombardier and the individual defendants made "false and misleading representations," including failure to make timely disclosure of material facts concerning its guidance for 2018.

The plaintiff has been authorized to begin a class action against the defendants on behalf of "all persons and entities who acquired or purchased Bombardier's securities during the period spanning from August 2, 2018 to November 8, 2018, inclusively, and held all or some of these securities until November 8, 2018 inclusively."

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