Boeing sued by shareholders alleging company hid 737 MAX safety flaws - News Summed Up

Boeing sued by shareholders alleging company hid 737 MAX safety flaws


Boeing Co‘s legal troubles grew on 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. READ MORE: Canadian airlines say it’s too early to speculate on future of Boeing 737 MAX 8 aircraftBoeing spokesman Charles Bickers had no immediate comment. READ MORE: Boeing says new software successfully tested on 737 MAX flightChicago-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. The case is Seeks v Boeing Co et al, U.S. District Court, Northern District of Illinois, No.


Source: Ethiopian News April 10, 2019 02:15 UTC



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