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  2. $2.5 billion
    • According to 3 sources
    Boeing reached a $2.5 billion settlement with the Justice Department in January 2021 to avoid prosecution on a single charge of fraud — misleading federal regulators who approved the plane.
    Nonetheless, it entailed a total $2.5 billion settlement. The company paid the U.S. a criminal penalty charge of $243.6 million, while a $500 million fund to compensate victims’ families was opened in June 2021. The DOJ agreement also included $1.77 billion worth of compensation to MAX operators.
    Prosecutors charged the company in 2021 with defrauding federal safety officials by not fully disclosing a new feature on the planes that was implicated in the crashes. The Justice Department allowed Boeing to pay $2.5 billion in penalties and undergo monitoring until this summer, after which the charge could be dropped.
     
  3. People also ask
    Why did Boeing pay $2.5 billion to settle a 737 MAX case?Boeing will pay more than $2.5 billion to settle a criminal charge related to the two 737 Max plane crashes in 2018 and 2019 that killed 346 people. The Justice Department has announced that it has reached a deferred prosecution agreement with Boeing to resolve a charge of criminal conspiracy to defraud the FAA.
    Why did Boeing get a $2.5 billion settlement?Boeing reached a $2.5 billion settlement with the Justice Department after two Max 8 crashes in 2018 and 2019. Lindsey Wasson for The New York Times The Department of Justice said on Tuesday that Boeing was in violation of a 2021 settlement related to problems with the company’s 737 Max model that led to two deadly plane crashes in 2018 and 2019.
    What happened to Boeing 737 MAX?Boeing Reaches $2.5 Billion Settlement With U.S. Over 737 Max The company agreed to a deferred prosecution agreement with the Justice Department. The Boeing 737 Max was grounded worldwide in March 2019 after 346 people were killed in crashes in Indonesia and Ethiopia. Marco Bello/Reuters
    What's going on with Boeing 737 MAX lawsuit?REUTERS/Lindsey Wasson/File Photo Purchase Licensing Rights WASHINGTON/SEATTLE, Nov 5 (Reuters) - Boeing Co (BA.N) current and former company directors have reached a $237.5 million proposed settlement with shareholders to settle a lawsuit over the board's safety oversight of the 737 MAX aircraft, documents released on Friday show.
     
  4. Boeing Violated Settlement Over 737 Max Problems, Justice …

  5. Boeing Reaches $2.5 Billion Settlement With U.S.

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