Bloomberg WireBoeing Co. agreed to pay $200 million to settle Securities and Exchange Commission allegations that the company and its former Chief Executive Officer Dennis Muilenburg failed to disclose safety issues with its 737 Max jetliner, resolving one of the final U.S. investigations related to two crashes that killed 346 people.
Without admitting or denying the findings, Boeing and Muilenburg agreed to pay $200 million and $1 million, respectively, to settle the allegations. The twin tragedies prompted one of the longest groundings in aviation history. Boeing previously paid a $243.3 million fine as part of a $2.5 billion settlement with the US Justice Department to end a criminal investigation in January 2021.
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Boeing pays $200 million to settle SEC charges over 737 Max safety claimsBoeing 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. Chump change. Should be at least $500M and jail time. Watch the documentary. They all knew and ignored it. Covered it up. Killed 300+ people. Imagine if those planes went down in US not overseas Is that what those lives were worth? That's $578,032 per dead person. 🤔
Source: NBCNews - 🏆 10. / 86 Read more »
Boeing pays $200 million to settle SEC charges over 737 MaxThe SEC said Thursday that it charged Boeing 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.
Source: denverpost - 🏆 13. / 72 Read more »
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 Will Pay $200 Million To Settle Charges with SECThe SEC said Thursday 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 implicated in the crashes. — The Associated Press Not enough.
Source: snopes - 🏆 228. / 63 Read more »
Boeing will pay $200 million to settle charges with SECBoeing Co. will pay $200 million to settle allegations 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.
Source: chicagotribune - 🏆 8. / 91 Read more »
Boeing to pay $200 mln to settle U.S. charges it misled investors about 737 MAXBoeing Co will pay $200 million to settle civil charges by the U.S. Securities and Exchange Commission that it misled investors about its 737 MAX, which was grounded for 20 months after two fatal crashes killed 346 people, the agency said on Thursday. Why do companies get fines. Why don't company executives get charged for fraud? Wow very nice plane
Source: Reuters - 🏆 2. / 97 Read more »