| COMPANY |
The Boeing Company |
| COURT |
United States District Court for the Northern District of Illinois |
| CASE NUMBER |
19-cv-02394 |
| JUDGE |
The Honorable John J. Tharp, Jr. |
| CLASS PERIOD |
November 7, 2018 - December 16, 2019 |
| SECURITY TYPE |
All Securities |
Case Background:
On April 9, 2019, the initial complaint in this securities class action was filed against The Boeing Company (“Boeing” or the “Company”), and certain of Boeing’s officers and directors, asserting violations of Sections 10(b) and 20(a) of the Securities Exchange Act. This is a federal securities class action on behalf of a class of all investors who purchased or acquired the securities of Boeing between November 7, 2018 and December 16, 2019, both dates inclusive (the “Class Period”).
The complaint alleges that throughout the Class Period, Defendants misled investors about the financial prospects for its commercial airplanes by misstating and concealing information about safety problems with the 737 MAX in the wake of investigations after multiples crashes in 2018 and 2019.
Current Status of Case:
On September 30, 2024, the Court entered an Order granting in part and denying in part Defendants’ Motion to Dismiss. Specifically, the Court denied the vast majority of Defendants’ claims in their Motion to Dismiss.. This action is in the discovery phase and remains ongoing.
For more information on the case and Court’s Order granting in part and denying in part Defendants’ Motion to Dismiss, please visit our website at https://www.ktmc.com/featured-case/boeing-company.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.