Tag: 737
Boeing’s shares rise as CEO said to stick with output goals for 737
: Boeing says manufacturing issue with supplier could snarl 737 Max production; stock falls
Boeing’s stock falls in late trading on warning of 737 delays from supplier issue
Families appeal ruling that upheld Boeing plea deal for 737 Max crashes: Reuters
US Judge: Passengers in Fatal Boeing 737 MAX Crashes are ‘Crime Victims’
In December, some crash victims’ relatives said the U.S. Justice Department violated their legal rights when it struck a January 2021 deferred prosecution agreement with the planemaker over two crashes that killed 346 people. The families argued the government “lied and violated their rights through a secret process” and asked U.S. District Judge Reed O’Connor to rescind Boeing’s immunity from criminal prosecution — which was part of the $2.5 billion agreement — and order the planemaker publicly arraigned on felony charges.
O’Connor ruled on Friday that “in sum, but for Boeing’s criminal conspiracy to defraud the (Federal Aviation Administration), 346 people would not have lost their lives in the crashes.”
Paul Cassell, a lawyer for the families, said the ruling “is a tremendous victory” and “sets the stage for a pivotal hearing, where we will present proposed remedies that will allow criminal prosecution to hold Boeing fully accountable.”
Boeing did not immediately comment.
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Boeing Will Pay $200M to Settle Charges of Misleading Investors On 737 Max Plane Crashes – CNET
Boeing To Pay $200 Million To Settle SEC’s Probe Over 737 Max
Without admitting or denying the SEC’s findings, Boeing and Muilenburg consented to cease-and-desist orders that include penalties of $200 million and $1 million, respectively. The twin tragedies killed 346 people and prompted one of the longest groundings in aviation history. The SEC enforcement action is one of the last remaining government investigations. Boeing had cautioned in its most recently quarterly filing that the “outcome of which may be material.” Boeing paid a $243.3 million fine as part of a $2.5 billion settlement with the US Justice Department to end a criminal investigation in January 2021.
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