The Boeing Company Former Employee Investigation

An investigations on behalf of former and current employees of The Boeing Company (NYSE:BA) concerning potential Employee Retirement Income Security Act (“ERISA”) Breach of Fiduciary Duty was announced.

The Boeing Company (Public, NYSE:BA) has been accused of securities fraud and according to an investigation by a law firm under ERISA employees (former and current) of The Boeing Company (NYSE:BA) may be eligible to file a ERISA complaint for putting stock options at risk if they can prove their employer violated its fiduciary duty to them. An investor in The Boeing Company (Public, NYSE:BA) filed a lawsuit in the United States District Court for the Northern District of Illinois on behalf of investors, who purchased their The Boeing Company (Public, NYSE:BA) shares between May 4, 2009 and June 22, 2009, 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