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  2. Investor fraud

    Boeing is paying $200 million to settle federal allegations of investor fraud surrounding its 737 Max plane, two of which crashed in 2018 and 2019, killing a total 346 people.
    www.cbsnews.com/news/boeing-737-max-crashes-200-million-sec-misleading-investors/
    www.cbsnews.com/news/boeing-737-max-crashes-200-million-sec-misleading-i…
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    Did Boeing mislead investors about 737 MAX?REUTERS/Peter Cziborra Purchase Licensing Rights WASHINGTON, Sept 22 (Reuters) - Boeing Co (BA.N) will pay $200 million to settle civil charges by the U.S. Securities and Exchange Commission that it misled investors about its 737 MAX, which was grounded for 20 months after two fatal crashes killed 346 people, the agency said on Thursday.
    Will Boeing pay $200 million to settle 737 MAX investigation?Boeing Co. will pay $200 million to settle a Securities and Exchange Commission investigation into allegedly misleading statements the company and then-Chief Executive Dennis Muilenburg made about the 737 MAX jets that crashed in Indonesia and Ethiopia, regulators said.
    How much did Boeing pay after 737 MAX crash?It’s the latest financial settlement after the 737 MAX crashes, following Boeing’s agreement in 2021 to pay$2.5 billion to resolve federal criminal charges that it misled the Federal Aviation Administration, and a $237.5 million settlement in April by the company’s board of directors.
    How much did Alaska pay Boeing to ground the 737 MAX 9?In January, Alaska estimated that the grounding of the 737 Max 9 would cost the carrier $150 million. In subsequent regulatory filings, reported by the Associated Press, Alaska disclosed that it had received a $160 million “initial compensation” payment from Boeing to cover the pretax losses related to the blowout.
     
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