Embraer union sues to oust planemaker's board after failed Boeing deal

FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company's headquarters in Sao Jose dos Campos, Brazil February 28, 2018. REUTERS/Roosevelt Cassio/File Photo

The lawsuit is the latest headache for Embraer in the aftermath of its breakup with Boeing. Under the deal signed in 2018, Boeing was going to buy the majority of Embraer’s commercial aviation unit in order to take on Airbus in the mid-range jet segment. Now, the metalworkers union in Sao Jose dos Campos is asking a judge to dismiss Embraer’s board. The lawsuit accuses the board of having allowed Boeing to conduct what amounted to “espionage,” by having its U.S. engineers work within Embraer’s research and development unit during the time when the deal seemed like it would in fact materialize.

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It's Brazil folks, lawsuits don't mean anything there.

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