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

  • 📰 cnnbrk
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 55%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 393. in CA

Canada Canada Latest News, Canada Canada Headlines