Boeing to pay $200 mln to settle U.S. charges it misled investors about 737 MAX

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Boeing 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.

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The Boeing 737 MAX aircraft is displayed at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter Cziborrawill 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.

The SEC charged Boeing and Muilenburg "with making materially misleading public statements following crashes of Boeing airplanes in 2018 and 2019." Boeing has resolved most claims from the two fatal crashes. Last year it acknowledged liability for compensatory damages in lawsuits filed by families of the 157 people killed in the 2019 Ethiopian Airlines 737 MAX crash. A small number of trials are expected to begin in 2023 to help resolve claims.

In January 2021, Boeing agreed to pay $2.5 billion in fines and compensation to resolve a U.S. Justice Department criminal investigation into the 737 MAX crashes. In December 2019, Boeing fired Muilenburg after the company clashed with regulators over the timing of the 737 MAX's return to service. A lawyer for Muilenburg, who did not admit or deny wrongdoing, did not immediately respond to a request for comment.

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Wow very nice plane

Why do companies get fines. Why don't company executives get charged for fraud?

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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.
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Boeing to pay $200 million to settle charges it misled investors on 737 Max crashesThe aircraft maker and its former CEO allegedly misled the public and investors by claiming the plane was safe despite knowing that a flight-control system posed a safety risk, the Securities and Exchange Commission said on Thursday. 🛑News Flash: it’s deceitful Corporations, Universities, Police D and ponzi schemes having to payout millions in all kinds of LAWSUITS: Sex abuse, Opioids,defective products, food poisoning and bad killer cops causing increase pricing and tax base INCREASES supply chain my foot! Bad Actors are allowed to use law enforcement as a tool to cover up crimes like tax evasion, fraud, securitiesfraud... Cases: IRS_CI 2020-002634/2020-007235 TIGTA TRN-2009-0433 TIGTA TRN-2003-0591 The penalty is rather funny
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