The SEC alleges that, following an October 2018 crash of a Lion Air 737 Max jet that killed 189 people, Boeing and Muilenburg knew that part of the plane's flight control system posed an ongoing safety concern yet told the public that the 737 Max was safe to fly. After a March 10, 2019 fatal 737 Max crash, the SEC alleges that Boeing and Muilenburg knowingly misled the public about"slips" and"gaps" in the certification process of that flight control system.
""Today's settlement is part of the company's broader effort to responsibly resolve outstanding legal matters related to the 737 MAX accidents in a manner that serves the best interests of our shareholders, employees, and other stakeholders," Boeing said.Read MoreThe company and Muilenburg agreed to settle charges of violating the antifraud provisions of US securities laws, but they did not admit or deny the SEC's allegations.
Now show how much they made in bonuses and compare......
Is this justice? Volkswagen had to pay 30 billion for far less. The next foreign company is Bayer suffering from similar industry political jurisdiction!
Happened under Trump!🤬🤬
The penalty is rather funny
That’s less than they sold the two planes that crashed for
They should be in jail!
Hefty fines that they will pass on to customers by fees increase, so it’s the customers that will be paying these fines.
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