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.Neither Boeing nor Muilenburg admitted wrongdoing, but they agreed to orders that include penalties of $200 million for Boeing and $1 million for Muilenburg, who was ousted in December 2019, nine months after the second crash.
The SEC said Boeing and Muilenburg knew that the flight system, known as MCAS, posed a safety issue but promised the public that the plane was safe. The SEC said they also falsely claimed that there had been no gaps in the process of certifying the plane in the first place.
Boeing reached a separate $2.5 billion settlement with the Justice Department last year. Most of that money went to airlines whose 737 Max jets were grounded for nearly two years.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Source: CNBC - 🏆 12. / 72 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 to pay $2.5 billion in criminal probe into the 737 Max, $243.6 million in fines to avoid prosecutionBoeing will pay more than $2.5 billion in fines and compensation as a settlement with the United States Department of Justice (DOJ)
Source: IntEngineering - 🏆 287. / 63 Read more »
Hong Kong billionaire's VC firm plans to raise a new $200 million fund to invest in crypto: BloombergHong Kong billionaire Adrian Cheng's VC firm C Ventures reportedly plans to raise a new $200 million crypto fund. I can t geet why noonee talking about this trrick Hooray for shitcoin pump and dumps
Source: TheBlock__ - 🏆 464. / 53 Read more »
Boeing to cut around 150 finance jobs in USBoeing had a total of approximately 142,000 employees at the end of 2021. The cuts are unrelated to its plan to move the company's corporate headquarters from Chicago to Virginia.
Source: FoxBusiness - 🏆 458. / 53 Read more »
A ‘secret’ way to save: Being a mystery shopper is saving one reader hundreds a month - Saving You MoneyIf you’re willing to put on your spy hat and do a little secret observation, there’s a sway to make errands free. A reader is Westlake does mysterry shopping and saves $200 to $300 a month.
Source: clevelanddotcom - 🏆 301. / 63 Read more »