Company Announcements

Haeggquist & Eck, LLP Investigates Potential Misconduct of Boeing Executives Concerning the 737 Max 8

Source: Business Wire

SAN DIEGO--(BUSINESS WIRE)--Apr. 30, 2019-- Haeggquist & Eck, LLP, a leading shareholder and consumer rights litigation firm, is investigating whether the officers and/or directors of The Boeing Company (“Boeing” or the “Company”) (NYSE: BA) engaged in breaches of fiduciary duty and/or fraud in connection with the safety issues reportedly plaguing the Company’s 737 Max 8 planes.

Indeed, on November 13, 2018, The Wall Street Journal published an article, entitled “Boeing Withheld Information on 737 Model, According to Safety Experts and Others,” citing “safety experts involved in the investigation, as well as midlevel [Federal Aviation Administration] officials” and reporting that Boeing “withheld information about potential hazards associated with a new flight-control feature suspected of playing a role in last month’s fatal Lion Air jet crash[.]” While Boeing’s stock price suffered a decline in the face of this news, no action was taken at the Company to voluntarily recall the jet.

Tragically, on March 10, 2019, 157 people perished after a second Boeing 737 Max 8 jet crashed in Ethiopia. On March 13, 2019, the FAA temporarily grounded all Boeing 737 Max 8 planes following public outcry and concern stemming from the two fatal crashes involving the jet. In late March 2019, it was announced that the Justice Department has issued subpoenas in connection with an investigation of the Company. Harm to Boeing’s shareholders has ravaged the Company’s stock, caused uncertainty for the Company’s future, and subjected Boeing to scores of product liability suits.

Securities class actions have already been commenced in the federal court, with a deadline to file seeking lead plaintiff status by June 10, 2019.

What You Can Do

If you have held shares of Boeing stock since at least 2018, you may have legal claims against the Company. If you wish to discuss this investigation, or have questions about your legal rights, please contact attorney Amber Eck at 619-342-8000 or e-mail her at ambere@haelaw.com. There is no cost to you.

Haeggquist & Eck, LLP is a nationally recognized leader in shareholder rights law and has helped shareholders recover more than $1 billion of value for themselves and the companies in which they have invested. This release constitutes attorney advertising. Past results do not guarantee a similar outcome.

Source: Haeggquist & Eck, LLP

Haeggquist & Eck, LLP
619-342-8000
Amber Eck, ambere@haelaw.com

© Business Wire, Inc. All Rights Reserved.