- Boeing Co’s legal troubles grew on Tuesday as a new lawsuit accused the company of defrauding shareholders by concealing safety deficiencies in its 737 MAX planes before two fatal crashes led to their worldwide grounding.
Chief Executive Dennis Muilenburg and Chief Financial Officer Gregory Smith were also named as defendants.According to the complaint, Boeing “effectively put profitability and growth ahead of airplane safety and honesty” by rushing the 737 MAX to market to compete with Airbus SE, while leaving out “extra” or “optional” features designed to prevent the Ethiopian Airlines and Lion Air crashes.
Seeks said he bought 300 Boeing shares in early March, and sold them at a loss within the last two weeks. The lawsuit seeks damages for Boeing stock investors from Jan. 8 to March 21.
Source: Law Daily Report (lawdailyreport.net)
Does anyone really believe that a high tech company of Boeing’s historic standard would turn a blind eye to safety? LitigationUSA 🙄 Safety is their business.
Union Carbide carried out chemical experiments, termed leakages, in Bhopal. The tests caused more than 2000 deaths. Stunted, deformed life for generations.
Who wants to fly these days anyhow?!? These religions are setting the word on fire because their “logic” is very defective...
Wow, I’m shocked. 🙄🙄
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Explainer: Ethiopia crash raises questions over handling of faults on Boeing 737 MAXEthiopia's insistence that its pilots followed procedures when their Boeing...
Source: Reuters - 🏆 2. / 97 Read more »
Family of American woman killed in Ethiopian 737 Max crash sues BoeingThe woman, Samya Stumo, was a great-niece of Ralph Nader. Her family also plans to file a claim against the FAA. They knew the problem...seem they chose to ignore it. Sue for tons of $$$$$$$yes. I’m surprised there has been no class action yet 😅 Is there enough evidence suggesting the MCAS system is at fault, pilots were following instructions, albeit in vain, as instructed to respond to the sensor reading discrepancies?
Source: washingtonpost - 🏆 95. / 72 Read more »
Report reveals final minutes of Boeing after 737 Max 8 jet crash in EthiopiaFollowing the Ethiopian disaster, the Max jets have been grounded worldwide pending a software fix that Boeing is rolling out. Prosecute Boeing.
Source: USATODAY - 🏆 100. / 63 Read more »
Family of American woman sues Boeing, Ethiopian Airlines over 737 Max crash'We flew there to bring her home, but we learned there were no survivors': Nader family sues Boeing over Ethiopian Airlines crash Yep, only an American can punish negligence act of an American company. Good luck lady. I hope you don't sell out. Good! Really, their tears are heart-wrenching...
Source: Reuters - 🏆 2. / 97 Read more »
Lion Air crash investigators looking at two American companies associated with Boeing 737 Max sensorAviation investigators are looking into two American companies that handled the sensor at the center of the Lion Air crash last year, according to multiple sources familiar with the case. That's fantastic
Source: CNN - 🏆 4. / 95 Read more »
Boeing under pressure as Ethiopian investigators point crash blame to 737 Max softwareEthiopian Transport Minister Dagmawit Moges said the 'crew performed all the procedures repeatedly provided by the manufacturer but was not able to control the aircraft.' They seem to be blaming the training
Source: CNBC - 🏆 12. / 72 Read more »
Boeing stock slips after 737 MAX production cutBoeing's stock price dropped 4.4 percent on Monday after the company's decision to cut production of the 737 MAX following two deadly plane crashes. Time to start buying Boeing stock on the cheap I'm predicting they'll be investing hard into war mongering propaganda Boeing should have built a safe plane.
Source: washingtonpost - 🏆 95. / 72 Read more »
Boeing CEO acknowledges — for the first time — that bad data played role in 737 Max crashesBoeing CEO Dennis Muilenburg acknowledged, for the first time, that an automated flight system on the company's popular 737 jets played a role in two crashes that killed 346 people. Well, maybe those derelicts should have grounded the plane as soon as they knew something was wrong with it. SMDH
Source: CNBC - 🏆 12. / 72 Read more »
Additional software problem detected in Boeing 737 Max flight control system, officials sayA Boeing-led review of a stall-prevention system suspected in the deadly crashes of two of the company’s new 737 Max jetliners has detected an additional software problem that the FAA has ordered fixed before the planes are cleared to fly again. So basically they sold a defective plane and now people are dead. Heckuva job. GovHowardDean
Source: washingtonpost - 🏆 95. / 72 Read more »
UAE's aviation body to join FAA panel on Boeing 737 MAXThe United Arab Emirates has accepted an invitation to join the U.S. Federal Avi...
Source: Reuters - 🏆 2. / 97 Read more »
Boeing 737 deliveries fall by a thirdBoeing said deliveries of its 737 jet, its bestselling plane, fell by a third in the first three months of 2019. Wow. That's a lot. We the flying public do not care how much profit you make. We care about our safety. Get that straight or lose us forever. What is hard to believe is the the FAA and Boeing delayed recalling the jet when it was obvious to all there was something very wrong with the jet's function. Almighty dollar has first call.
Source: CNN - 🏆 4. / 95 Read more »