Here’s what it means when a company like Boeing faces criminal charges

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Criminal charges against a corporation, like the ones the Justice Department is considering bringing against Boeing, would be a serious blow, worsening the company’s already precarious financial situation and further damaging its battered reputation. But it wouldn’t necessarily result in past or current executives facing prison time.

While criminal charges against corporations are fairly common, the overwhelming majority are against small, closely-held companies. They aren’t brought nearly as often against publicly-traded companies, let alone those in the Dow Jones Industrial Average’s index of the nation’s 30 most important companies.

In May, the Justice Department said it was looking into bringing criminal charges against Boeing once again due to a potential violation of that January 2021 agreement. Prosecutors in the DOJ are urging that charges be filed against Boeing, a source familiar with the case has told CNN. Boeing has argued in its own court filings that it did not violate the agreement and that it should be spared prosecution.

 

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