Boeing Will Pay $200 Million After SEC Says It Misled Investors About 737 MAX Crashes

Boeing agreed Thursday to pay $200 million to settle Securities and Exchange Commission charges that it misled investors after two deadly 737 MAX crashes killed 346 people and brought its fleet to a 20-month standstill—the latest settlement struck by Boeing after the 737 disaster.AFP via Getty ImagesThe SEC charged Boeing and its former CEO Dennis Muilenburg with making “materially misleading public statements” in the wake of two crashes of its 737 MAX in 2018 and 2019.

The SEC alleges that Boeing and Muilenburg knew the first crash was caused partly by a malfunctioning flight control feature that posed an “ongoing airplane safety issue,” but still told the public the plane was “as safe as any airplane that has ever flown the skies,” blaming the crash instead on pilot error and poor aircraft maintenance.

After the 2019 crash, the SEC says Boeing defended the processes to certify the 737 MAX even though Muilenburg was “aware of information calling into question certain aspects of the certification process.” In addition to the $200 million the company must pay, Muilenburg, who was CEO at the time of the crashes before he wasBoeing did not admit or deny any of the SEC’s allegations, the regulator said.

Wow, so a company knowingly selling faulty airplanes & killing 346 people in two crashes can get away with $200 ml fine. Half a million per person is the price and wait, this money is going to SEC not victim families. This is a joke from $82 bl Boeing & SECGov

TronCarterNLU Mr TC any insight here on how this could affect Social Security tour stop in the PNW? vision2030

Yes this harsh penalty will sure help investors confidence. Let's just remember Boeing knew of the problem with their programming yet continued to blame the pilots. Even as they knew their programming overrode the pilots controls and still does.

To them just the cost of doing business

That's a very mediocre punishment. Does this satisfy its global investors or just the US investor.

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Boeing to pay $200 million to settle SEC charges on misleading investors after deadly 737 Max crashesI know we all probably might have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Samantha_M078 on Twitter he guides me through and i made a return of $10500 after a week of trading, connect with her 346 people killed by lies and negligence. $200M is less than a single contract to them. This is nice, cheap, cost efficient homicide by Boeing Slap on the wrist. It's like a normal person paying $100 fine. It sucks but you forget it 2 minutes after paying.
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Boeing Will Pay $200 Million After SEC Says It Misled Investors About 737 MAX CrashesBoeing’s 737 MAX jets were grounded for nearly two years after two deadly crashes in 2018 and 2019—and on Thursday, the company resolved claims that it misled investors in the early months of that crisis. That's a very mediocre punishment. Does this satisfy its global investors or just the US investor. To them just the cost of doing business Yes this harsh penalty will sure help investors confidence. Let's just remember Boeing knew of the problem with their programming yet continued to blame the pilots. Even as they knew their programming overrode the pilots controls and still does.
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