Bombardier Inc.

Bombardier Inc.
Guggenheim Partners, LLC

Guggenheim Partners, LLC

May 02, 2007 15:29 ET

Bombardier Inc. and Guggenheim Partners, LLC Statement on Litigation Reports

MONTREAL, QUEBEC and CHICAGO, ILLINOIS--(CCNMatthews - May 2, 2007) - Bombardier Inc. (TSX:BBD.A)(TSX:BBD.B) and Guggenheim Partners, LLC responded today to some erroneous press reports that named Guggenheim Aviation Partners, LLC. In light of these events, the following statements seek to clarify the situation.

- Neither Guggenheim Aviation Partners, Guggenheim Partners nor any of its subsidiaries were a party to the suit between Bombardier Inc. and one of its ex-employees, Simon Davies.

- Simon Davies was not in discussions with Guggenheim Aviation Partners, but with another proposed Guggenheim Partners venture.

- Bombardier obtained a court order to ascertain the proper treatment of materials held by Simon Davies. Based on that Court order and a subsequent review of documents and transmissions, Bombardier is satisfied that its confidential information is protected.

- Bombardier and Simon Davies have settled their dispute to their mutual satisfaction.

- No further public comment will be made by Bombardier Inc. or Guggenheim Partners on this matter.

Contact Information

  • Bombardier Aerospace
    Sylvie Gauthier
    Guggenheim Partners
    Jeffrey Kelley