Boeing agrees to pay $200 million for misleading the public about the 737 Max | CNN Business

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. 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.

Slackness...and no regard for human lives..200 million is the cost of those who lost their lives? divide that up by how many people died due to their greed, dishonesty and corruption and you will see that this is injustice.

Only $200 million, and then biz as usual.

Fines... WTF people died disgusting don't trust Boeing use Airbus... They get fines while people suffer lost loved ones. max fraud death

Being an Aerospace Engineer. I never trusted Boeing in past and never will in future. I will never ever fly on those planes which are manufactured by Boeing. Shame on you boeing..for being such a Fraud Company. .Boeing Boeing_In BoeingSpace BoeingDefense

It was purely bec of negligence that lead to these disasters and boeing is getting away by paying only 200 mn. Boeing shd be banned for atleast 3-4 years to make any commercial airliners. What kind of justice is this..pple have lost their families and they will suffer forever

FINALLY! He should be in Jail

How about a jail sentence for the death of all the victims?

SEC should channel every coin to the victims’ survivors. Livelihoods were lost due to corporate greed.

my my that sure is a hefty sum for a conglomerate like boeing to pay for deceiving the public about their prioritizing profits over human lives! no, for sure, it’s gonna teach them such a serious lessons that they’re never gonna do it ever again for another year or so!

Iran regime is killing innocent people on the streets, cut down the internet and killing people in silence. It doesn’t matter you are not Iranian, if you believe in human_rights please please be our voice Mahsa_Amini

pocket change

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Boeing pays $200 million to settle SEC charges over 737 MaxBoeing Co. will pay $200 million to settle charges 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 in Indonesia and Ethiopia. Another case of a peanuts fine for a mega corporation. Who gets that money? Hopefully families of the crash victims. Culpable homicide may be a more appropriate charge for Boeing?
Source: AP - 🏆 728. / 51 Read more »

Boeing to pay $200 million to settle charges it misled investors following 737 Max crashes, SEC saysU.S. securities regulators say Boeing Co. and former Chief Executive Dennis Muilenburg have settled some charges in an investigation related to the aerospace... No chance a business in America would do something so heinous! Imo a better fit for the Dow than google Too greedy ….
Source: MarketWatch - 🏆 3. / 97 Read more »

Boeing agrees to pay $200 million for misleading the public about the 737 MaxBoeing and its former CEO Dennis Muilenburg agreed to pay hefty fines to settle charges from the Securities and Exchange Commission that they misled the public about the safety of the 737 Max following two fatal crashes in 2018 and 2019. Hefty fines that they will pass on to customers by fees increase, so it’s the customers that will be paying these fines. They should be in jail! That’s less than they sold the two planes that crashed for
Source: CNN - 🏆 4. / 95 Read more »

Boeing agrees to pay $200 million for misleading the public about the 737 MaxBoeing and its former CEO Dennis Muilenburg agreed to pay hefty fines to settle charges from the Securities and Exchange Commission that they misled the public about the safety of the 737 Max following two fatal crashes in 2018 and 2019. This is a penny with a hole in it. Corporations like this wipe their asses with $200 million dollars.
Source: ABC7Chicago - 🏆 284. / 63 Read more »

JEA CEO explains raises & bonuses while customers get high bills & disconnectionsDisconnections resumed Wednesday for thousands of JEA customers behind on payments, after a seven-week moratorium. Should replace 'explains' with 'dedends' we all know this goes back to DeSantis. voteblue I want to be clear about JEA they're doing everything they basically can to serve our community but the thing about this is that we have a problem with supply chain it's driving up the cost the only thing they're doing is taking care of the workers that take care of us “See there was this cult in college, and they like have “stuff” on me, so I like… I raise the prices whenever some shadowy figure insinuates that I should… or else…”
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