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Boeing has violated a settlement that allowed the company to avoid criminal prosecution after two deadly crashes involving its 737 Max aircraft more than five years ago, the Justice Department ...
A judge has approved a $237.5 million settlement of a lawsuit in which Boeing investors accused company board members of failing to properly oversee safety issues around the 737 Max before two of ...
Two Boeing 737 Max jets crashed in 2018 and 2019 due to faulty software installed on the jets, killing 346 people. ... Boeing reached a $2.5 billion settlement with the Department of Justice and ...
The plea agreement calls for Boeing to pay a fine of up to $487.2 million, but the fine would be cut in half by giving the company credit for $243.6 million it paid as part of a $2.5 billion settlement in 2021 to avoid prosecution. The Justice Department decided in May that Boeing violated terms of that settlement, leading to the new plea deal.
The Justice Department said in a court filing Tuesday that Boeing had violated terms of a 2021 settlement that allowed it to avoid prosecution for actions that led up to two deadly crashes ...
The remainder is reserved for government and community projects. Boeing said that the fund distributions are independent from the outcome of lawsuits. [29] On September 25, 2019, Boeing began to settle the first lawsuits with families of the Lion Air crash victims. It has been reported that each of the settlements cost $1.2 million. [30] [31]
After two jetliner crashes killed 346 people, a $2.5 billion settlement that let Boeing avoid criminal prosecution failed to resolve questions about the safety of the aerospace giant's planes.
A Boeing 737 Max lands in Seattle on Sept. 30, 2020 during a test flight. (Elaine Thompson/) Muilenburg agreed to pay $1 million out of his own pocket, according to an SEC press release.He was ...
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