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.
In a statement, Boeing said that the settlement "fully resolves the SEC's previously disclosed inquiry into matters relating to the 737 MAX accidents." The 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. Boeing agreed to pay a $200 million settlement, and Muilenburg agreed to pay $1 million.
This is a penny with a hole in it. Corporations like this wipe their asses with $200 million dollars.
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