Shareholder Files Lawsuit Against Boeing Over 737 MAX Safety - Reports - News Summed Up

Shareholder Files Lawsuit Against Boeing Over 737 MAX Safety - Reports


WASHINGTON (Sputnik) - A Boeing shareholder has filed a class-action lawsuit against the US aircraft manufacturer over an alleged cover-up of safety issues related to the 737 MAX airplanes, media reported on Wednesday. The lawsuit, filed on Tuesday by Boeing shareholder Richard Seeks, claims that the company put "profitability and growth ahead of airplane safety and honesty", the Washington Post reported, citing court documents. READ MORE: ‘Mounting Uncertainty’: Boeing Fails to Sell 737 MAX Planes After Deadly CrashBoeing's market value took a tumble following the crash of a 737 MAX plane — operated by Ethiopian Airlines — on 10 March in which all the 157 people on board died. The incident was the second involving a 737 MAX within a five-month period. READ MORE: Ethiopian Airlines: Boeing 737 Crash Unlikely to Affect Relations With Boeing


Source: Ethiopian News April 10, 2019 22:07 UTC



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