• September 17, 2021

Exclusive: Boeing’s Directors Are Now Facing an Investor Lawsuit Over Fatal 737 Max Crashes

 Exclusive: Boeing’s Directors Are Now Facing an Investor Lawsuit Over Fatal 737 Max Crashes


Alain Williams (Slashdot reader #2972) brings this report from the BBC:

Boeing’s board of directors must face a lawsuit from shareholders over two fatal crashes involving its 737 Max plane, a U.S. judge has ruled. Morgan Zurn said the first crash was a “red flag” about a key safety system on the aircraft “that the board should have heeded but instead ignored”.

She said the real victims were the dead and their families but investors had also lost billions of dollars… In her ruling the Delaware judge said: “While it may seem callous in the face of [the families’] losses, corporate law recognizes another set of victims: Boeing as an enterprise, and its stockholders….”

The crashes have already cost Boeing about $20bn in fines, cancelled orders and other costs.



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