Legal

Boeing to pay $200 million after SEC finds it misled on 737 Max safety

10 days ago   |   By Washington Post

The penalties are the latest legal consequences facing the manufacturing giant after an automated flight control system repeatedly forced the noses of the two Max planes down, killing 346 people.
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Boeing will pay $200 million to settle SEC fraud charges related to 2 deadly airplane crashes involving the company's 737 MAX aircraft between 2018 and 2019

10 days ago   |   By Business Insider

Boeing 777X Flight Test 1 aircraft at the Farnborough Air Show 2022. Taylor Rains/Insider
Boeing will pay $200 million to settle charges it withheld information about safety issues in its 737 Max aircraft.
The 737 Max aircraft crashed two times between 2018 and 2019.
Its former CEO will pay $1 million.
The Securities and Exchange Commission said Thursday that it Boeing has agreed to pay a $200 million penalty to settle charges that it failed to disclose to investors problems with the company's 737 Max airplane that resulted in two deadly crashes between 2018 and 2019. The company's former...
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Boeing Will Pay $200 Million After SEC Says It Misled Investors About 737 MAX Crashes

11 days ago   |   By Forbes

Boeing's 737 MAX jets were grounded for nearly two years after two deadly crashes in 2018 and 2019-and on Thursday, the company resolved claims that it misled investors in the early months of that crisis.
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Boeing will pay $200 million to settle charges with SEC

11 days ago   |   By Chron

Boeing Co. will pay $200 million to settle allegations that the company and its former CEO misled investors about the safety of its 737 Max after two of the airliners crashed, killing 346 people.
The Securities and Exchange Commission said Thursday that it charged the aircraft maker and former CEO Dennis Muilenburg with making significant misleading public statements about the plane and an automated flight-control system that was implicated in the crashes.
Neither Boeing nor Muilenburg admitted wrongdoing, but they agreed to orders that include penalties of $200 million for Boeing and $1...
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Boeing Reaches $200 Million Settlement With Regulators Over Its 737 Max

11 days ago   |   By NY Times

The S.E.C. said Boeing had misled investors by suggesting that human error was to blame for two deadly crashes, and omitting the company's concerns about the plane.
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