The Boeing Company (NYSE:BA) Investor Securities Class Action Lawsuit 11/28/2018

If you purchased a significant amount of shares of The Boeing Company (NYSE:BA) between February 8, 2017 and November 13, 2018, and / or if you purchased any NYSE:BA shares prior to February2017 and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: January 28, 2019. NYSE:BA investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Boeing
Case Name: 
Boeing Shareholder Class Action Lawsuit 11/28/2018
Case Status: 
Lawsuit Filed
Affected Securities
NYSE: BA
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
11/28/2018
Class Period Begin: 
02/08/2017
Class Period End: 
11/13/2018
Court of Filing: 
U.S. District Court for the Northern District of Illinois
Deadline To File for Lead: 
01/28/2019
Summary: 

An investor in shares of The Boeing Company (NYSE:BA) filed a lawsuit in the U.S. District Court for the Northern District of Illinois over alleged violations of Federal Securities Laws by The Boeing Company in connection with certain allegedly false and misleading statements made between February 8, 2017 and November 13, 2018.

The first 737 MAX 8 was delivered to customers in May 2017. The 737 MAX included a new automated stall-prevention system, designed to assist cockpit crews to avoid mistakenly raising a plane’s nose dangerously high. Upon delivery, Boeing touted the 737 MAX as “chang[ing] the face of the single-aisle market”.

On October 29, 2018, a Boeing 737 aircraft operated by the Indonesian airline Lion Air crashed shortly after takeoff, killing all passengers and crew.
On November 12, 2018, an article was published 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,” the article reported 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.”

Shares of The Boeing Company (NYSE:BA) declined to as low as $296.61 per share on November 20, 2018.

According to the complaint the plaintiff alleges on behalf of purchasers of The Boeing Company (NYSE:BA) common shares between February 8, 2017 and November 13, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 8, 2017 and November 13, 2018, the defendants made false and/or misleading statements and/or failed to disclose that Boeing’s new 737 MAX automated stall-prevention system was susceptible to deadly malfunctions, that Boeing maintained inadequate internal controls to ensure the timely reporting and dissemination of such malfunctions, and that as a result, Boeing’s public statements were materially false and misleading at all relevant times.