fbpx

Stay Informed. Stay Competitive. Get Free Email Updates Dow 30 & Emerging Growth

Stay Informed. Stay Competitive.

Get Free Updates

Dow 30 & Emerging Growth

Boeing Settles Shareholder ‘737 Max Oversight’ Lawsuit For Approx. $225M

By John F. Heerdink, Jr.

As per reports, Boeing Co’s (BA) board of directors settle a shareholder lawsuit that claimed the aerospace giant’s board failed to oversee safety matters related to two 737 MAX crashes that killed 346 people in less than six months. The settlement amount was agreed at about $225 million. As per the journal, the monetary portion of the settlement would be paid by directors’ insurers to the corporation.

The planemaker has agreed to hire an ombudsman to deal with internal issues and appoint a board member experienced in aviation safety, as a proposed settlement. In September, a Delaware judge denied Boeing’s move to dismiss the suit, ruling that Boeing’s board of directors must face a lawsuit. Boeing declined to comment.

Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space, and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.



Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.

(Read Original Story: UPDATE 1-Boeing shareholders reach settlement in 737 MAX board oversight suit - WSJ in Reuters)


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us