The Boeing Company Securities Litigation (2019)

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Lawsuit Overview

Defendant:Boeing Company (The)
Date Filed:April 9th, 2019
Sector:Capital Goods
Industry:Aerospace

The Complaint alleges that during the Class Period, Boeing concealed critical facts concerning the 737 MAX airplanes from investors, including the fact that Boeing designed and sold as "extras" or "optional features" safety features designed to prevent accidents such as the Lion Air and Ethiopian Airline crashes. The Complaint further alleges that Boeing also hid the fact that most airlines, including United, did not purchase these safety features. In addition, the Complaint alleges Boeing failed to disclose that Boeing had received delegated authority from the FAA over the safety analysis of the Maneuvering Characteristics Augmentation System (MCAS) – the system reportedly responsible for the crashes – that the Company delivered to the FAA, all while rushing the 737 MAX to market.

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First Identified Complaint

Richard Seeks, et al. v. The Boeing Company, et al.

Date Filed:April 9th, 2019
Class Period Start:January 8th, 2019
Class Period End:March 21st, 2019
First Identified Complaint Filings
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