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Boeing shareholders agree to settle 737 MAX board oversight suit

by Mike Robinson

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(Reuters) – Current and past directors at Boeing (NYSE) Co agreed to settle a lawsuit brought by shareholders alleging that the board of the U.S. plane manufacturer failed to adequately oversee safety issues related to the 737 MAX. The Wall Street Journal reported this Thursday.

According to the report, approximately $225 million will be paid by current and past directors of insurance companies.

Boeing has not yet responded to Reuters’s request for comment following business hours.

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