April 10, 2019, 12:43 AM GMT By ReutersBoeing's legal troubles grew Tuesday as a new lawsuit accused the company of defrauding shareholders by concealing safety deficiencies in its 737 MAX planes before two fatal crashes led to their worldwide grounding. Chicago-based Boeing faces many other lawsuits over the crashes, including by victims' families and by participants in its employee retirement plans. Boeing said on Tuesday that aircraft orders in the first quarter fell to 95 from 180 a year earlier, with no orders for the 737 MAX following the worldwide grounding. On April 5, it said it planned to cut monthly 737 production to 42 planes from 52, and was making progress on a 737 MAX software update to prevent further accidents. The case is Seeks v Boeing Co et al, U.S. District Court, Northern District of Illinois, No.

Source: Ethiopian News April 10, 2019 00:43 UTC