The SEC alleges that, following an October 2018 crash of a Lion Air 737 Max jet that killed 189 people, Boeing and Muilenburg knew that part of the plane’s flight control system posed an ongoing safety concern yet told the public that the 737 Max was safe to fly. After a March 10, 2019 fatal 737 Max crash, the SEC alleges that Boeing and Muilenburg knowingly misled the public about “slips” and “gaps” in the certification process of that flight control system.
” “Today’s settlement is part of the company’s broader effort to responsibly resolve outstanding legal matters related to the 737 MAX accidents in a manner that serves the best interests of our shareholders, employees, and other stakeholders,” Boeing said. The company and Muilenburg agreed to settle charges of violating the antifraud provisions of US securities laws, but they did not admit or deny the SEC’s allegations.
Slackness...and no regard for human lives..200 million is the cost of those who lost their lives? divide that up by how many people died due to their greed, dishonesty and corruption and you will see that this is injustice.
Only $200 million, and then biz as usual.
Fines... WTF people died disgusting don't trust Boeing use Airbus... They get fines while people suffer lost loved ones. max fraud death
Being an Aerospace Engineer. I never trusted Boeing in past and never will in future. I will never ever fly on those planes which are manufactured by Boeing. Shame on you boeing..for being such a Fraud Company. .Boeing Boeing_In BoeingSpace BoeingDefense
It was purely bec of negligence that lead to these disasters and boeing is getting away by paying only 200 mn. Boeing shd be banned for atleast 3-4 years to make any commercial airliners. What kind of justice is this..pple have lost their families and they will suffer forever
FINALLY! He should be in Jail
How about a jail sentence for the death of all the victims?
SEC should channel every coin to the victims’ survivors. Livelihoods were lost due to corporate greed.
my my that sure is a hefty sum for a conglomerate like boeing to pay for deceiving the public about their prioritizing profits over human lives! no, for sure, it’s gonna teach them such a serious lessons that they’re never gonna do it ever again for another year or so!
Iran regime is killing innocent people on the streets, cut down the internet and killing people in silence. It doesn’t matter you are not Iranian, if you believe in human_rights please please be our voice Mahsa_Amini
pocket change