Boeing shareholders can pursue class action over 737 MAX safety [BNN Bloomberg (Canada)]
Boeing Company (The) (BA)
Last boeing company (the) earnings: 4/29 07:30 am
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Source: BNN Bloomberg
In a decision on Monday, U.S. District Judge Franklin Valderrama in Chicago said shareholders who owned Boeing stock between Nov. 7, 2018 and Oct. 18, 2019 may sue as a group because they demonstrated a common means to measure damages. The class period ended two months earlier than shareholders wanted. Class actions can allow greater recoveries at lower cost than individual lawsuits. The shareholders are led by a group of pension funds and private investors. Boeing faces a separate class action in the Alexandria, Virginia federal court, claiming it overstated its commitment to safe aircraft prior to the January 2024 mid-air cabin panel blowout on an Alaska Airlines 737 MAX 9. Neither Boeing nor its lawyers immediately responded to requests for comment on Tuesday. Salvatore Graziano, a lawyer for the shareholders, declined to comment. Shareholders accused Boeing of rushing development of the 737 MAX, ignoring safety warnings from employees, and misleading the Federal Aviation
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BA
Earnings
- 1/27/26 - Beat
BA
Sec Filings
- 3/6/26 - Form DEFA14A
- 3/6/26 - Form DEFA14A
- 3/6/26 - Form DEF
- BA's page on the SEC website