Stock Groups

U.S. appeals court revives Boeing 737 MAX shareholder suit -Breaking

by Mike Robinson

[ad_1]

© Reuters. During a media visit to the Boeing 737 MAX 8 at Renton, Washington’s Boeing plant on December 8, 2015 it is seen sitting outside the hangar. REUTERS/Matt Mills McKnight

WASHINGTON (Reuters) – The U.S. Supreme Court has upheld a shareholder lawsuit that was filed against Boeing (NYSE) Co in 2019. It had been brought by Boeing shareholders after 2 fatal 737 MAX crash deaths. These crashes resulted in 346 deaths over a 5-month period.

Seafarers Pension Plan sued Boeing for making misleading and false public statements regarding the 737 MAX in proxy material.

U.S. District Court judges had dismissed the case, applying the Boeing Bylaw giving the company the right of insisting that they be filed in Delaware. U.S. Court of Appeals 7th Circuit reversed the decision of the lower court.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this website’s data including quotes and charts. Trading the financial markets is an extremely risky investment. Please make sure you are fully aware of all the costs and risks involved.

[ad_2]