7th Circuit will consider lead plaintiff selection regimen in Boeing mandamus case [Reuters]
Boeing Company (The) (BA)
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Source: Reuters
7th Circuit will consider lead plaintiff selection regimen in Boeing mandamus case (Reuters) - The 7th U.S. Circuit Court of Appeals will soon decide how much discretion to afford trial judges in the selection of lead plaintiffs in securities class actions – and it’s going to do so in one of the wildest lead plaintiff contests in recent memory. Last year, as you may recall, investors sued Boeing over alleged misrepresentations about the safety of 737 MAX airplanes, asserting that Boeing was so consumed by competition with Airbus that it disregarded red flags about the planes. (Boeing counsel from Kirkland & Ellis did not respond to my email query about shareholders’ allegations.) Boeing lost tens of billions of dollars in market capitalization after crashes involving 737 MAX planes, making it a juicy target for shareholders’ lawyers hoping their clients would be appointed to head the securities fraud class action. Two investors emerged as candidates for lead plaintiff. Kahn Swick & Fo
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BA
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- 10/29/25 - Miss
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- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- BA's page on the SEC website