The Boeing Company Faces Long Term Shareholder Investigation

A lawsuit on behalf of investors, who purchased their The Boeing Company (Public, NYSE:BA) shares between May 4, 2009 and June 22, 2009, alleging violations of Federal Securities Laws by The Boeing Company and others is currently pending in the United States District Court for the Northern District of Illinois. In addition an investigation on behalf of long term investors of The Boeing Company (Public, NYSE:BA), who currently hold their BA shares, focusing on potential claims against certain directors and officers of The Boeing Company (NYSE:BA) was announced.

An investor in The Boeing Company (Public, NYSE:BA) filed a lawsuit against the Boeing and certain of its officers and directors over alleged violations of Federal Securities Laws by issuing between May 4, 2009 and June 22, 2009 false and misleading statements to the market concerning the results of the testing process for the commercial jetliners “The Dreamliner 787” and Boeing’s ability to meet the schedule for the first flight and delivery of the Dreamliner 787. The Boeing Company, located in Chicago, is involved in the design, development, manufacture, sale and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services. The Boeing Company (Public, NYSE:BA) reported in 2007 Total Revenue of $66.387billion with a Net Income of $4.074billion and in 2008 Total Revenue of $60.909billion with a Net Income of $2.654billion. Shares of The Boeing Company traded recently at $52.08 per share, down from its 52weekHigh of $55.48 per share. BA shares reached $85.69 per share and $104.99 per share.