$BA
The Law Offices of Frank R. Cruz Announces Investigation of The Boeing Company (BA) on Behalf of Investors
July 30, 2020 12:00 PM Eastern Daylight Time
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of The Boeing Company (“Boeing” or the “Company”) (NYSE: BA) concerning whether the board breached its fiduciary duties to shareholders.
The Law Offices of Frank R. Cruz Announces Investigation of The Boeing Company (BA) on Behalf of Investors. https://www.frankcruzlaw.com/cases/the-boeing-company/
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On October 29, 2018, a Boeing 737 Max 8 jet operated by the Indonesian airline Lion Air crashed shortly after takeoff, killing all passengers and crew. On November 12, 2018, post-market, The Wall Street Journal published an article, entitled "Boeing Withheld Information on 737 Model, According to Safety Experts and Others," citing "safety experts involved in the investigation, as well as midlevel [Federal Aviation Administration] officials" and reporting that Boeing "withheld information about potential hazards associated with a new flight-control feature suspected of playing a role in last month's fatal Lion Air jet crash[.]"
On March 10, 2019, 157 people perished after an Ethiopian Airlines-operated Boeing 737 Max 8 jet crashed in Addis Ababa, Ethiopia shortly after takeoff. In the wake of the crash, regulators in China and several other countries grounded all Boeing 737 Max 8 jets. On March 13, 2019, the Federal Aviation Administration ordered all Boeing 737 Max 8 and Max 9 jets to be temporarily grounded.
Our investigation concerns whether the Company’s board of directors breached its fiduciary duties to shareholders and/or grossly mismanaged the Company in connection with the above alleged misconduct.