Boeing: Shareholders sue over 737 Max crashes, say it put profit first
Boeing’s problems continue to mount after shareholders launched a legal challenge Tuesday,
claiming they were defrauded over safety deficiencies on the 737 Max aircraft.
The lawsuit alleges securities-fraud violations. Boeing’s market cap has plummeted by $34 billion since a fatal crash in Ethiopia last month, the second of two in five months.
The filing at a Chicago federal court alleges that Boeing “effectively put profitability and growth ahead of airplane safety and honesty,” as reported by Reuters.
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