US securities officials fined Boeing $200 million over the aviation giant's misleading assurances about the safety of the 737 MAX airplane following two deadly crashes, regulators announced Thursday. "B
Boeing has agreed to pay a $24.9 million penalty to settle charges that it "negligently violated the antifraud provisions" of US securities laws, the Securities and Exchange Commission said in a statement.
Boeing's former chief executive, Dennis Muilenburg, has agreed to pay $5 million to settle charges in a criminal case related to
The Boeing MAX scandal continues with the company agreeing to pay $2.5 million to the family of one of the victims of the Lion Air crash. This is the latest in a string of bad news for the company, which
Boeing's release of a statement one month after the first 737 Max crash that "selectively highlighted certain facts" has led many to believe that the company is placing blame on
The press release also attested to the safety of the aircraft, not disclosing that Boeing knew of a key flight handling system, the Maneuvering Characteristics Augmentation System (MCAS), which
After two crashes of its 737 MAX aircraft, Boeing and its CEO, Dennis Muilenburg, allegedly misled the public about the federal certification of the aircraft, according to the US Securities and Exchange Commission (SEC
"The SEC will continue to hold accountable those who violate the securities laws and seek to harm investors during these difficult times." In times of crisis and tragedy, it is public companies' and executives' responsibility to
The Boeing Company and its former CEO, Dennis Muilenburg, failed to live up to their basic obligation to investors. They misled investors by assuring them about the safety of the 737 MAX, despite knowing about
The SEC has announced that Boeing and its former CEO, Dennis Muilenburg, have agreed to pay $24 million and $5 million in fines
Boeing has reached an agreement with the U.S. Securities and Exchange Commission (SEC) to resolve an ongoing inquiry into the company's disclosures and accounting practices related to the development of the 737 MAX. Under the agreement, Boeing will pay a $5 million penalty
The Boeing Company will never forget the tragic events of Lion Air Flight 610 and Ethiopian Airlines Flight 302. In response to these accidents, we have made a number of changes across our company. We
US air safety authorities have cleared Boeing's 737 MAX to resume service in November 2020, following a 20-month grounding after two crashes.
One of the primary causes of the two 737 Max crashes was the MCAS system. This system was designed to keep the plane from stalling as it ascended, but instead it forced the nose of the plane downward. The Federal Aviation Administration required Boeing to upgrade this system to address
In January 2021, Boeing agreed to pay $2.5 billion to settle a US criminal charge over claims the company defrauded regulators overseeing the 737 MAX. This